TTK Prestige (517506) Q4 00/01 earnings summary

Executive summary

• FY2000-01 total income was ₹13,850.73 lakh; profit after tax fell to ₹155.12 lakh from ₹364.42 lakh YoY amid higher excise, brand promotion spending and one-time charges.

• Domestic and export volumes were broadly flat; value-added products gained share, while strategy focused on new appliances and wider export markets.

Financial highlights

• Sales were ₹13,707.98 lakh vs ₹13,827.93 lakh in FY1999-2000; total income was ₹13,850.73 lakh vs ₹13,957.20 lakh.

• Profit before tax was ₹167.56 lakh vs ₹374.42 lakh; PAT was ₹155.12 lakh vs ₹364.42 lakh.

• PBT included ₹19.70 lakh for VRS and ₹25.84 lakh provision for investment diminution; the prior year had no comparable charges listed.

• Board proposed a 15% dividend; reported EPS was ₹1.37.

Outlook and guidance

• Cautious optimism for strategy benefits over the next two financial years; performance depends on timely product launches, Europe market entry and response from the expanded US customer base.

• New product lines, domestic appliance sourcing and decentralized business divisions were set to support growth from FY2001-02.