Titan Industries announces Q4 net profit of Rs.303.20 million, income at Rs.5969.80 million

Titan Industries Ltd has announced the following results for the quarter & year ended March 31, 2007. The Company has posted a net profit of Rs 303.20 million for the quarter ended March 31, 2007 as compared to Rs 372.10 million for the quarter ended March 31, 2006. Total Income (net of excise) has increased from Rs 4240.30 million for the quarter ended March 31, 2006 to Rs 5969.80 million for the quarter ended March 31, 2007.

The Company has posted a net profit of Rs 941.30 million for the year ended March 31, 2007 as compared to Rs 736.20 million for the year ended March 31, 2006. Total Income (net of excise) has increased from Rs 14426.10 million for the year ended March 31, 2006 to Rs 20934.60 million for the year ended March 31, 2007.

The Audited consolidated results for the Year ended March 31, 2007: The Group has posted a net profit (after share of profits less losses of associates) of Rs 998.60 million for the year ended March 31, 2007 as compared to Rs 809.30 million for the year ended March 31, 2006. Total Income (net of excise) has increased from Rs 14455.20 million for the year ended March 31, 2006 to Rs 20966.40 million for the year ended March 31, 2007.

The stock was trading at Rs.972, down by Rs.38.60 or 3.82%. The stock hit an intraday high of Rs.1026.80 and low of Rs.970. The total traded quantity was 87577 shares compared to 2 week average of 184215.

Source : Equity Bulls

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