Titan Company Ltd. Q1 FY2024 results: revenue ₹11,897 crore, up 26.0% on the year
Titan Company Ltd. (TITAN) reported consolidated revenue from operations of ₹11,897 crore for Q1 FY2024, the quarter ended 30 June 2023, up 26.0% on the same quarter a year earlier. Profit after tax was ₹756 crore, down 4.3% on the year, and earnings per share ₹8.48. The figures are the company's own, from the unaudited results it filed with NSE on 3 August 2023.
The quarter, against the one before and a year earlier
| Line | Q1 FY2024 | Quarter before | A year earlier | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 11,897 | n/a | n/a | n/a |
| Other income | 114 | n/a | n/a | n/a |
| Total income | 12,011 | n/a | n/a | n/a |
| Cost of materials consumed | 7,105 | n/a | n/a | n/a |
| Purchases of stock-in-trade | 1,139 | n/a | n/a | n/a |
| Changes in inventories | 1,011 | n/a | n/a | n/a |
| Employee benefit expense | 448 | n/a | n/a | n/a |
| Finance costs | 109 | n/a | n/a | n/a |
| Depreciation, depletion and amortisation | 128 | n/a | n/a | n/a |
| Other expenses | 1,069 | n/a | n/a | n/a |
| Total expenses | 11,009 | n/a | n/a | n/a |
| Profit before exceptional items and tax | 1,002 | n/a | n/a | n/a |
| Exceptional items | 0 | n/a | n/a | n/a |
| Profit before tax | 1,002 | n/a | n/a | n/a |
| Current tax | 252 | n/a | n/a | n/a |
| Deferred tax | -6 | n/a | n/a | n/a |
| Total tax | 246 | n/a | n/a | n/a |
| Profit after tax | 756 | n/a | n/a | n/a |
| Attributable to owners of the parent | 753 | n/a | n/a | n/a |
| Other comprehensive income | -4 | n/a | n/a | n/a |
| Total comprehensive income | 752 | n/a | n/a | n/a |
| EPS, basic | ₹8.48 | n/a | n/a | n/a |
| EPS, diluted | ₹8.48 | n/a | n/a | n/a |
₹ crore except per share.
Quarterly results, the last 12 quarters
| Q1 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 11,897 | 14,164 | 12,494 | 13,266 | 14,534 | 17,740 | 14,916 | 16,523 | 18,725 | 25,416 | 26,920 | 21,356 |
| Expenses | 11,009 | 12,922 | 11,662 | 12,413 | 13,709 | 16,472 | 13,814 | 15,148 | 17,316 | 23,192 | 25,579 | 19,075 |
| Operating profit | 1,126 | 1,565 | 1,191 | 1,247 | 1,236 | 1,674 | 1,537 | 1,830 | 1,875 | 2,713 | 1,937 | 2,890 |
| OPM % | 9% | 11% | 10% | 9% | 9% | 9% | 10% | 11% | 10% | 11% | 7% | 14% |
| Other income | 114 | 136 | 159 | 120 | 122 | 128 | 116 | 105 | 112 | 151 | 184 | 146 |
| Interest | 109 | 169 | 201 | 230 | 240 | 231 | 252 | 271 | 277 | 282 | 350 | 353 |
| Depreciation | 128 | 154 | 158 | 164 | 171 | 175 | 183 | 184 | 189 | 207 | 246 | 256 |
| Exceptional items | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -152 | 51 | 0 |
| Profit before tax | 1,002 | 1,378 | 991 | 973 | 947 | 1,396 | 1,218 | 1,480 | 1,521 | 2,223 | 1,576 | 2,427 |
| Tax % | 25% | 24% | 22% | 26% | 26% | 25% | 28% | 26% | 26% | 24% | 25% | 27% |
| Net profit | 756 | 1,053 | 771 | 716 | 704 | 1,047 | 871 | 1,091 | 1,120 | 1,684 | 1,179 | 1,777 |
| EPS in ₹ | ₹8.48 | ₹11.91 | ₹8.68 | ₹8.06 | ₹7.94 | ₹11.80 | ₹9.82 | ₹12.30 | ₹12.63 | ₹18.98 | ₹13.00 | ₹20.03 |
| Filing | NSE | NSE | NSE | NSE | NSE | NSE | Filing | Filing | Filing | Filing | Filing | Filing |
₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.
Source
Unaudited consolidated results for the quarter ended 30 June 2023, filed with NSE on 3 August 2023: the result statement. All of Titan Company Ltd.'s results: NSE company page.
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