Mumbai18 minutes ago
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Tata Group’s Titan’s profit fell 5% year-on-year (YoY) to Rs 715 crore in the first quarter (April-June) of FY 2024-25. The company’s consolidated net profit was Rs 756 crore in the same quarter a year ago.
Titan has released its first quarter results today i.e. on August 2. The consolidated revenue i.e. income from the sales of the company’s products has increased by 12.64% on an annual basis.
Revenue in the first quarter stood at ₹12,223 crore
The income from sales of products stood at ₹12,223 crore in the first quarter of FY25. The revenue in the same quarter a year ago i.e. the first quarter of FY24 was ₹10,851 crore.
Titan stock gave 15.88% return in one year
Titan’s stock today closed down 0.53% at ₹ 3,450. It has given a return of 15.88% in the last one year. The stock has fallen by 4.50% in the last 6 months. The company’s market cap is Rs 3.06 lakh crore.
What is standalone and consolidated?
The results of companies come in two parts – standalone and consolidated. In standalone, the financial performance of only one unit is shown. Whereas, in consolidated or consolidated financial report, the report of the entire company is given.
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