TTK Prestige Q2 Results Live : TTK Prestige declared their Q2 results on 30 Oct, 2024, reporting a topline increase of 2.82% year-over-year. However, the company faced a profit decline of 10.8% compared to the same period last year. When compared to the previous quarter, revenue showed significant growth, rising by 27.58%, and profit also increased by 26.63%.
The company’s selling, general, and administrative expenses witnessed a rise of 9.69% quarter-over-quarter and 13.33% year-over-year, impacting the bottom line. Despite the uptick in revenue, the increased costs have put pressure on profitability.
Operating income reflected a contrasting trend, up by 48.08% quarter-over-quarter but down 15.02% year-over-year. This indicates fluctuations in operational efficiency amidst varying market conditions.
Earnings per share (EPS) for Q2 stood at ₹3.82, which represents a decline of 10.75% year-over-year. This decline in EPS aligns with the overall trend of reduced profitability despite revenue growth.
In terms of stock performance, TTK Prestige has delivered a 2.91% return over the past week, a robust 24.41% return over the last six months, and a 17.9% year-to-date return, suggesting resilience in its stock despite recent profit challenges.
Currently, TTK Prestige holds a market capitalization of ₹11,969.43 Crores, with a 52-week high of ₹1,025 and a low of ₹647.15. These figures reflect the volatility and investor sentiment surrounding the company.
Analyst coverage as of 31 Oct, 2024, shows mixed sentiments with one ‘Sell’ rating, four ‘Hold’ ratings, and one ‘Strong Buy’ rating among the six analysts following the company. The consensus recommendation remains a ‘Hold’, indicating cautious optimism as investors await further clarity on future performance.
