Titan Company disclosed a sharp drop in standalone net profit for the quarter ended June 2015. During the quarter, the profit of the company declined 14.79% to Rs 1,510.60 million from Rs 1,772.70 million in the same quarter last year.
Revenues for the quarter declined 6.32% to Rs 27,085.90 million, compared with Rs 28,914.40 million for the prior year period.
Operating margin for the quarter stood at 7.38 percent as compared to 8.65 percent for the previous year period. Operating Income for the quarter was Rs 1,999.00 million, compared with Rs 2500.4 million in the previous year period.
Earnings per share for the quarter stood at Rs 1.70, registering 15.00% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 15 | Jun - 14 | %Change |
| Revenues | 27,085.90 | 28,914.40 | (6.32) |
| Net Profit | 1,510.60 | 1,772.70 | (14.79) |
| Diluted EPS | 1.70 | 2.00 | (15.00) |
Shares of the company declined Rs 16.65, or 4.9%, to trade at Rs 323.00. The total volume of shares traded was 340,620 at the BSE (2.58 p.m., Friday).
