Titan Company Ltd reports consolidated Q3FY23 PAT of Rs. 904 crores

Titan Company Limited has reported Consolidated financial results for the period ended December 31, 2022.

Financial Results (Q3 FY2023) - QoQ Comparison

The company has reported total income of Rs. 11698 crores during the period ended December 31, 2022 as compared to Rs. 9224 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 904 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 831 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 10.18 for the period ended December 31, 2022 as compared to Rs. 9.36 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹11698 crs	₹9224 crs	26.82%
Net Profit	₹904 crs	₹831 crs	8.78%
EPS	₹10.18	₹9.36	8.76%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.11698 crores during the period ended December 31, 2022 as compared to Rs.10094 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.904 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.1004 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.10.18 for the period ended December 31, 2022 as compared to Rs.11.31 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹11698 crs	₹10094 crs	15.89%
Net Profit	₹904 crs	₹1004 crs	-9.96%
EPS	₹10.18	₹11.31	-9.99%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.30409 crores during the 9 Months period ended December 31, 2022 as compared to Rs.21161 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.2520 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.1663 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.28.38 for the 9 Months period ended December 31, 2022 as compared to Rs.18.74 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹30409 crs	₹21161 crs	43.70%
Net Profit	₹2520 crs	₹1663 crs	51.53%
EPS	₹28.38	₹18.74	51.44%

Shares of Titan Company Limited was last trading in BSE at Rs. 2347.15 as compared to the previous close of Rs. 2377.45. The total number of shares traded during the day was 64771 in over 9591 trades.

The stock hit an intraday high of Rs. 2411.50 and intraday low of 2301.10. The net turnover during the day was Rs. 153175641.00.

Source : Equity Bulls

Keywords

TitanCompany Q3FY23 9MFY23 ResultUpdate