Titan Company reports 14% fall in Q4 net profit

09 May 2016

Titan Company has reported results for the fourth quarter and year ended March 31, 2016.

The company has posted a fall of 14.40% in its net profit at Rs 184.11 crore for the quarter ended March 31, 2016 as compared to Rs 215.09 crore for the same quarter in the previous year. Total income of the company has decreased by 1.28% at Rs 2480 crore for quarter under review as compared to Rs 2512.05 crore for the quarter ended March 31, 2015.

For the year ended March 31, 2016, the company has posted a fall of 14.24% in its net profit at Rs 705.85 crore as compared to Rs 823.07 crore for the same period in the previous year. Total income of company decreased 5.39% at Rs 11328.89 crore for year under review as compared to Rs 11973.79 crore for the period ended March 31, 2015.

For the year ended March 31, 2016, on the consolidated basis, the company has posted a fall of 15.54% in its net profit after taxes and share of profit of associates at Rs 689.39 crore as compared to Rs 816.26 crore for the same period in the previous year. Total income of company has decreased by 5.35% at Rs 11342.89 crore for year under review as compared to Rs 11984.16 crore for the period ended March 31, 2015.

 

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