TTK Prestige Q4 net profit down at Rs 26 cr

Weak consumer sentiment and change in Government policy has dragged down TTK Prestige’s profit 6.49 per cent to ₹26.21 crore for the fourth quarter of 2013-14. Total sales have also dropped 3.79 per cent to ₹272.52 crore in Q4. The company has reported an exceptional income of ₹8.10 crore as land compensation. EPS for Q4 stood at ₹22.51 against ₹24.72 last year. The board of directors has recommended a dividend of ₹20 a share. The company release attributed the poor performance to weak consumer sentiment which is still continuing, persisted inflation in articles of daily consumption and key southern markets yet to recover from deficient monsoon and other disturbance.