Titan has announced quarterly result for mar-2020 their net profit year on year went to down 1.50% and net profit quarter on quarter went to down 27.70%.
Net profit margin quarter on quarter went to 7.20% it was same as dec-2019. Their net sales decreased 27.80% quarter on quarter and decreased 3.60% year on year.
|No. of Mths||3||3||3||QoQ Change||YoY Change|
|Net Sales||Rs m||48,888||65,274||47,115||-27.80%||-3.60%|
|Other income||Rs m||563||227||417||83.80%||-25.90%|
|Gross profit||Rs m||4,485||7,584||6,125||-19.20%||36.60%|
|Profit before tax||Rs m||4,515||6,487||5,093||-21.50%||12.80%|
|Profit after tax||Rs m||3,482||4,746||3,432||-27.70%||-1.50%|
|Gross profit margin||%||9.2||11.6||13|
|Effective tax rate||%||22.9||26.8||32.6|
|Net profit margin||%||7||7.2||7.2|