TTK Prestige Announces Q2 Financial Results, Net Sales Reach Record High

TTK Prestige, a leading domestic appliances company, has recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, TTK Prestige has shown a flat performance in the second quarter of the fiscal year 2024-2025. However, there has been an improvement in the company's score, which has increased from -12 to 0 in the last three months.

One of the key highlights of the financials is the company's net sales, which have reached a record high of Rs 750.06 crore in the last five quarters. This indicates a positive trend in the near term for TTK Prestige.

Another positive aspect of the financials is the company's Dividend Payout Ratio (DPR), which has been the highest at 36.40% in the last five years. This shows that TTK Prestige is distributing a higher proportion of its profits as dividends to its shareholders.

However, the financial report also highlights a negative trend in the company's Profit Before Tax less Other Income (PBT) for the quarter, which has fallen by -6.4% compared to the average PBT of the previous four quarters. This indicates a near term negative trend for TTK Prestige.

Overall, TTK Prestige has shown a mixed performance in the second quarter of the fiscal year 2024-2025. While the company's net sales and dividend payout ratio have been positive, the decline in PBT is a cause for concern. Investors are advised to hold their stocks and monitor the company's performance in the coming quarters.