Titan Company Ltd Q1FY22 consolidated PAT slumps QoQ to Rs. 18 crores

Titan Company Limited has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.3519 crores during the period ended June 30, 2021 as compared to Rs.7551 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.18 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.568 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.0.22 for the period ended June 30, 2021 as compared to Rs.6.36 for the period ended March 31, 2021.

Financials	Q1 FY2021-22	Q4 FY20-21	% Change
Total Income	₹ 3519 crs	₹ 7551 crs	-53.4%
Net Profit	₹ 18 crs	₹ 568 crs	-96.83%
EPS	₹ 0.22	₹ 6.36	-96.54%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.3519 crores during the period ended June 30, 2021 as compared to Rs.2020 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.18 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.(297) crores for the period ended June 30, 2020.

The company has reported EPS of Rs.0.22 for the period ended June 30, 2021 as compared to Rs.(3) for the period ended June 30, 2020.

Financials	Q1 FY2021-22	Q1 FY2020-21	% Change
Total Income	₹ 3519 crs	₹ 2020 crs	74.21%
Net Profit	₹ 18 crs	₹ (297) crs	106.06%
EPS	₹ 0.22	₹ (3)	107.33%

Mr.CK Venkataraman, Managing Director of the Company stated that: "While we started the quarter with strong business momentum, the second wave of the pandemic severely disrupted it and we quickly shifted our priorities to health and safety of our employees, business associates and customers. The learnings and experience of the past year helped us navigate this quarter's turbulence much more efficiently. As the lockdowns started getting relaxed in different parts of the country in the month of June, and with the rising vaccination level, we saw demand coming back steadily. Given the challenging economic backdrop during the quarter, I believe Titan delivered a satisfactory financial performance. With the strengthened digital presence and high percentage of vaccinated employees and associates making our retail store a safe place, we are optimistic about the overall performance of the Company."

Shares of Titan Company Limited was last trading in BSE at Rs. 1799.8 as compared to the previous close of Rs. 1839.15. The total number of shares traded during the day was 60788 in over 4213 trades.

The stock hit an intraday high of Rs. 1858 and intraday low of 1795.35. The net turnover during the day was Rs. 110777880.

Source : Equity Bulls

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