Titan Company Net Profit Rises 48% To Rs 529 Crore In March Quarter

Titan Q4 Results: The company reported a 48 per cent growth in net profit in March quarter

Tata group-owned Titan Company reported a 48 per cent growth in net profit to Rs 529 crore on a standalone basis, in the January-March quarter of the financial year 2020-21, compared to Rs 357 crore in the corresponding period last year. According to a regulatory filing by the company to the BSE on Thursday, April 29, Titan Company’s revenue from operations stood at Rs 7,135 crore in the March quarter, marking a 61 per cent growth, compared to Rs 4,429 crore in the same period last year. (Also Read: Titan Falls Over 2% After Net Profit Drops 11% In December Quarter )

According to the statement, the company’s board recommended a dividend of Rs 4 per equity share of Re one each of the company, that will be dispatched or paid subject to the approval of the shareholders of the firm.

On Thursday, shares of Titan Company settled 0.13 per cent lower at Rs 1,506.30 apiece on the BSE. Titan opened on the BSE at Rs 1,519.80, registering an intra day high of Rs 1,527.35 and an intra day low of Rs 1,497.10 through the trading session. On the NSE, Titan Company settled 0.30 per cent lower at Rs 1,504.35 apiece.

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