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Titan spurts on reporting 14% rise in Q4 consolidated net profit

Titan Company is currently trading at Rs. 1098.45, up by 10.10 points or 0.93% from its previous closing of Rs. 1088.35 on the BSE.

The scrip opened at Rs. 1097.40 and has touched a high and low of Rs. 1109.90 and Rs. 1089.65 respectively. So far 74483 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 1164.00 on 25-Apr-2019 and a 52 week low of Rs. 731.70 on 09-Oct-2018.

Last one week high and low of the scrip stood at Rs. 1153.65 and Rs. 1069.25 respectively. The current market cap of the company is Rs. 97101.61 crore.

The promoters holding in the company stood at 52.91%, while Institutions and Non-Institutions held 26.62% and 20.47% respectively.

Titan has reported a marginally rise of 4.42% in its net profit at Rs 294.58 crore for the quarter ended March 31, 2019 under review as compared to Rs 282.12 crore for the same quarter in the previous year. Total income of the company increased by 20.08% at Rs 4,727.18 crore for Q4FY19 as compared Rs 3,936.77 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 14.42% in its net profit at Rs 348.30 crore for the quarter ended March 31, 2019 under review as compared to Rs 304.41 crore for the same quarter in the previous year. Total income of the company increased by 19.86% at Rs 4,945.06 crore for Q4FY19 as compared Rs 4,125.69 crore for the corresponding quarter previous year.

For the year ended March 31, 2019, the company has reported a rise of 18.19% in its net profit at Rs 1374.36 crore as compared to Rs 1162.87 crore for the previous year. Total income of the company increased by 22.27% at Rs 19,248.47 crore for year under review as compared to Rs 15,742.25 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has reported a rise of 26.02% in its net profit at Rs 1,388.65 crore as compared to Rs 1,101.91 crore for the previous year. Total income of the company increased by 22.88% at Rs 19,961.46 crore for year under review as compared to Rs 16,244.81 crore for year ended March 31, 2018.

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