TTK Healthcare Limited witnessed a 34.4% year-on-year decrease in net profit for the December quarter of the current financial year. The company’s net profit dropped to Rs 10.5 crore in Q3, down from Rs 16.7 crore in the same quarter last financial year as per its stock exchange filing.
Despite this decline, the company experienced only a marginal revenue growth of 2.2% during the quarter. Revenue stood at Rs 209 crore, a slight increase from Rs 205 crore reported a year ago. Operating performance also suffered, with EBITDA falling by 6% year-on-year to Rs 7.2 crore from Rs 8 crore in the corresponding quarter last financial year.
As a result of these financial outcomes, operating margins contracted to 3.5% from 3.9% in Q3 FY25. Following the announcement of these results, TTK Healthcare Limited’s shares initially dropped over 3% during the intra-day trading session. However, they later recovered and were trading 1.96% lower at Rs 982 around 3:25 pm.
Over the last five days, the stock has declined by 0.78%, and in the past month, the share price has fallen by 5.93%, equivalent to Rs 61.90. The stock has witnessed a significant decline over longer periods, with a 27.57% decrease over six months, amounting to a loss of Rs 373. On a year-to-date basis, the stock has fallen by nearly 4%, while over the past year, it has declined by 26.56%, or Rs 356.5.
TTK Healthcare is a part of the renowned TTK Group, established in 1928 by T. T. Krishnamachari, who later served as India’s Union Minister for finance, industry, and commerce. The TTK Group has a longstanding reputation for offering quality consumer products at reasonable prices. It was one of the early companies to introduce various products in India and played a crucial role in organized distribution across the country, facilitating the entry of several multinational brands into the Indian market.
