Stock Report

Titan Company Ltd Q2 FY24 consolidated net profit rises to Rs. 915 crores



Posted On : 2023-11-04 14:28:38( TIMEZONE : IST )

Titan Company Ltd Q2 FY24 consolidated net profit rises to Rs. 915 crores

Titan Company Limited has reported Consolidated financial results for the period ended September 30, 2023.

Financial Results (Q2 FY2024) - QoQ Comparison

The company has reported total income of Rs. 12653 crores during the period ended September 30, 2023 as compared to Rs. 12011 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 915 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 753 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 10.31 for the period ended September 30, 2023 as compared to Rs. 8.48 for the period ended June 30, 2023.

Financials Q2 FY2024 Q1 FY2024 % Change
Total Income ₹ 12653 crs ₹12011 crs Up Tick / Down Tick5.35%
Net Profit ₹915 crs ₹753 crs Up Tick / Down Tick21.51%
EPS ₹10.31 ₹8.48 Up Tick / Down Tick21.58%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 12653 crores during the period ended September 30, 2023 as compared to Rs.9224 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.915 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.831 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.10.31 for the period ended September 30, 2023 as compared to Rs.9.36 for the period ended September 30, 2022.

Financials Q2 FY2024 Q2 FY2023 % Change
Total Income ₹ 12653 crs ₹9224 crs Up Tick / Down Tick37.17%
Net Profit ₹915 crs ₹831 crs Up Tick / Down Tick10.11%
EPS ₹10.31 ₹9.36 Up Tick / Down Tick10.15%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.24664 crores during the 6 Months period ended September 30, 2023 as compared to Rs.18711 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.1668 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.1616 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.18.79 for the 6 Months period ended September 30, 2023 as compared to Rs.18.20 for the 6 Months period ended September 30, 2022.

Financials Half Year Ended FY2024 Half Year Ended FY2023 % Change
Total Income ₹24664 crs ₹18711 crs Up Tick / Down Tick31.82%
Net Profit ₹1668 crs ₹1616 crs Up Tick / Down Tick3.22%
EPS ₹18.79 ₹18.20 Up Tick / Down Tick3.24%

Shares of Titan Company Limited was last trading in BSE at Rs. 3272.55 as compared to the previous close of Rs. 3201.30. The total number of shares traded during the day was 113452 in over 11220 trades.

The stock hit an intraday high of Rs. 3286.70 and intraday low of 3210.00. The net turnover during the day was Rs. 369660189.00.

Source : Equity Bulls

Keywords

TitanCompany Q2FY24 H1FY24 ResultUpdate