TTK Prestige Q3 FY12 Results - First Cut - Microsec

TTK Prestige announced its Q3 FY12 results on 12 Jan 2012. The company's Net Sales increased by 41% to INR334 crore YOY and by 10% QOQ while its PAT increased by 18% YOY and 3% QOQ to INR34.6 crore.

EBITDA Margin of the company decreased from 17.9% to 15.8% YOY. EBITDA margin declined because of the rupee appreciation as TTK Prestige imports 25% of its sales.

At the CMP of INR2300 the stock discounts its FY12E EPS of INR99.6 (Earlier INR110) by 23x. The company has disappointed in terms of its profit growth in the current quarter. We maintain 'Hold' at the current level of INR2300.*

The TTK Prestige stock was trading at Rs.2300, down by Rs.210.55 or 8.39%. The stock hit an intraday high of Rs.2537 and low of Rs.2240.65.

The total traded quantity was 143476 compared to 2 week average of 7486.

Source : Equity Bulls

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