Titan Q2 results declared! Check performance and key figures of September quarter
Titan Q2FY20 Results: Titan has reported 1.8% profit YoY in the September quarter in the current financial year while the company's income has grown 0.6% YoY in FY19-20.
Titan Q2 Results: On account of 9.9 per cent EBITDA growth and 100 bps growth in margins, the Titan Company has reported 1.8 per cent profit YoY in the September quarter in the current financial year while the company's income has grown 0.6 per cent YoY in FY19-20. Declaring its second-quarter numbers the Titan Company reported that its profit stands at Rs 320.2 crore in Q2FY20 from Rs 314.4 crore in Q2FY19.
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Giving an idea about its income in the September quarter, Titan Company has reported Rs 4,435 crore income in Q2FY20 that stood at Rs 4,407 crore in Q2FY19. Titan's EBITDA rose 9.9 per cent to Rs 513.2 crore in Q2FY20 that existed at Rs 467.1 crore in Q2FY19. Titan's margin grew by 100 bps to 11.6 per cent in Q2FY20 from 10.6 in Q2FY19.
Speaking on the Titan share price outlook post Q2FY20 results Prakash Pandey, MD & CEO at Plutus Advisors said, "The titan share price has been range-bound in Rs 1160 to Rs 1350 and after the September quarter results, the share price is expeced to shed in sentiments. However, my advise to to the stock market invstor is to buy the counter below Rs 1200 per stock levels for the target of Rs 1350 in next three months in the bluechip company."