Titan Q4 Profit Up 5% to Rs 771 Cr | Business News
By Rediff Money Desk, New Delhi May 03, 2024 20:46
Titan Company reported a 5% rise in profit after tax to Rs 771 crore for the March quarter, driven by strong revenue growth. Read more about the company's financial performance.
![Titan Q4 Profit Up 5% to Rs 771 Cr | Business News](https://im.rediff.com/money/2023/jul/16titan.jpg)
Photograph: Courtesy Titan
New Delhi, May 3 (PTI) Titan Company on Friday reported a 5 per cent increase in consolidated profit after tax to Rs 771 crore for the March quarter.
The company posted a profit after tax (PAT) of Rs 736 crore in the year-ago period.
Total income rose to Rs 11,472 crore during the period under review from Rs 9,419 crore in the fourth quarter of the 2022-23 fiscal.
For the year ended March 31, 2024, the company posted a consolidated PAT of Rs 3,496 crore as compared with Rs 3,274 crore in FY23.
Total income for FY24 stood at Rs 47,501 crore as compared with Rs 38,675 crore in the 2022-23 fiscal.
"As we look forward to FY25, all businesses of the company are single-mindedly continuing to focus on satisfying the ever-evolving needs of our lifestyle consumers," Titan Company MD C K Venkataraman said.
The company posted a profit after tax (PAT) of Rs 736 crore in the year-ago period.
Total income rose to Rs 11,472 crore during the period under review from Rs 9,419 crore in the fourth quarter of the 2022-23 fiscal.
For the year ended March 31, 2024, the company posted a consolidated PAT of Rs 3,496 crore as compared with Rs 3,274 crore in FY23.
Total income for FY24 stood at Rs 47,501 crore as compared with Rs 38,675 crore in the 2022-23 fiscal.
"As we look forward to FY25, all businesses of the company are single-mindedly continuing to focus on satisfying the ever-evolving needs of our lifestyle consumers," Titan Company MD C K Venkataraman said.
Source: PTI
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