Titan Ind revenues up 37%
Titan Industries Ltd, on Monday, announced an overall second quarter income of Rs 2,124.58 crore, a growth of 37 per cent over last year’s income of Rs 1551.22 crore during the same period.
The income for April to September 2011, the first half of this financial year, stands at Rs 4,172.51 crore, registering a growth of 48.4per cent over last year.
The company logged a net profit in Q2 of Rs 148.20 crores, up from Rs 127.77 crores last year, a growth of 16 per cent. The net profit for the six months ended September 2011 is Rs 291.56 crore, up 39.5 per cent over last year. The profit before tax is Rs 209.58 crore for Q2 and Rs 406.13 crores for the first half. The income for watches was Rs 417.41 crore in Q2 as compared to Rs 359.43 crore last year, a growth of 16.1 per cent. On the other hand, jewellery business recorded an income growth of 44.7 per cent in Q2 over last year. It had an income of Rs. 1631.23 crores this year in Q2 as compared to Rs.1127.36 crores last year.
Precision Engineering, a B2B business, the Eyewear business and accessories grew by 16.3 per cent in Q2. The combined income of these businesses was Rs 65.17 crore in Q2. The company’s last year income for Q2 was Rs 56.03 crores.
