First Cut- TTK Prestige Q2 FY13
RAJESH DESAI
Dear Sir/Madam,
TTK Prestige announced its Q2 FY13 results on 12 Oct 2012. The company’s Net Sales increased by 11% YOY to INR336 crore and EBITDA decreased by 1% to INR50 crore. EBITDA Margin of the company decreased from 16.5% to 14.8% YOY. PAT of the company decreased by 10% YOY to INR30 crore. At the CMP of INR3301 the stock discounts its FY13E EPS of INR113.4 by 29x.
|
DESCRIPTION |
Sep-12 |
Jun-12 |
Sep-11 |
QOQ |
YOY |
|
Net Sales |
336 |
303 |
303 |
11% |
11% |
Total Expenditure | 286 |
255 |
253 |
|
|
|
PBIDT (Excl OI) |
50 |
48 |
50 |
4% |
-1% |
EBITDA (%) | 14.8% |
15.8% |
16.5% |
|
|
|
Other Income |
1 |
1 |
1 |
|
|
|
Operating Profit |
51 |
49 |
51 |
|
|
|
Interest |
4 |
3 |
1 |
|
|
|
Exceptional Items |
0 |
0 |
0 |
|
|
|
PBDT |
47 |
46 |
50 |
|
|
|
Depreciation |
2 |
2 |
1 |
|
|
|
PBT |
45 |
44 |
48 |
|
|
|
Tax |
15 |
13 |
15 |
|
|
|
Profit After Tax |
30 |
31 |
34 |
-1% |
-10% |
PAT (%) | 9.0% |
10.1% |
11.1% |
|
|
|
Equity Capital |
11.32 |
11.32 |
11.32 |
|
|
|
Face Value (In Rs) |
10.00 |
10.00 |
10.00 |
|
|
|
No. of shares |
1.13 |
1.13 |
1.13 |
|
|
|
|
|
|
|
|
|
|
EPS |
26.7 |
27.1 |
29.8 |
-1% |
-10% |
Regards,
Team Microsec Research
Microsec Capital Limited
Tel: 91 33 30512100
Fax: 91 33 30512020
CA. Rajesh Desai