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This is an archive article published on October 24, 2011

Titan Industries Q2 net profit up 16%

Titan Industries today posted a 15.98 per cent increase in net profit for the second quarter.

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Titan Industries today posted a 15.98 per cent increase in net profit for the second quarter ended September 30,2011,to Rs 148.20 crore compared to the same quarter last fiscal.

During the three months ended September 30,2010,the company’s net profit stood at Rs 127.77 crore,it said in a filing to the BSE.

The firm’s net sales for the quarter ended September 30,2011m,increased 36.48 per cent to Rs 2,096.34 crore against Rs 1,535.97 crore in the same quarter last fiscal.

The company’s scrip closed at Rs 225.65 per share,up 2.73 per cent from the previous close on the BSE.

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