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25-May2018

Timex Group India falls despite reporting 43% rise in Q4 net profit

Timex Group India is currently trading at Rs. 48.30, down by 0.55 points or 1.13% from its previous closing of Rs. 48.85 on the BSE.

The scrip opened at Rs. 50.00 and has touched a high and low of Rs. 50.95 and Rs. 48.25 respectively. So far 5489 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 71.45 on 31-Jan-2018 and a 52 week low of Rs. 35.15 on 14-Aug-2017.

Last one week high and low of the scrip stood at Rs. 49.35 and Rs. 43.70 respectively. The current market cap of the company is Rs. 487.59 crore.

The promoters holding in the company stood at 74.93%, while Institutions and Non-Institutions held 0.13% and 24.93% respectively.

Timex Group India has reported a rise 42.57% in its net profit at Rs 7.67 crore for the quarter ended March 31, 2018 as compared to Rs 5.38 crore for the same quarter in the previous year. Total income of the company has increased by 4.14% at Rs 55.14 crore for quarter under review as compared to Rs 52.95 crore for the quarter ended March 31, 2017.

For the year ended March 31, 2018, the company has posted a net profit of Rs 7.52 crore as compared to net loss of Rs 3.27 crore for the previous year. Total income of company increased by 4.75% at Rs 210.15 crore for year under review as compared to Rs 200.62 crore for the period ended March 31, 2017.



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