T T Limited has informed the Exchange regarding a press release dated May 21, 2025, titled "TT Limitedannounces Dividend after 3 years.".
TTL · price
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On the reaction day the stock moved 2.7 pts less than Nifty Microcap 250 and 2.8 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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T T Limited declared a 5% dividend for the first time in 3 years after its board meeting on May 21, 2025. For FY25, the company posted a turnover of Rs 215.86 crores, PBT of Rs 10.09 crores, and PAT of Rs 3.75 crores, with the latter hit by a Rs 5.04 crore non-cash deferred tax provision in Q4. The company significantly reduced its debt from Rs 129 crores to Rs 89 crores following the sale of its Gajroula unit, completing its post-COVID restructuring. A new garmenting unit in Howrah, West Bengal is set to begin production from July 2025. The company also signed Bollywood actor Rajkummar Rao as brand ambassador for its T.T. brand and plans to raise equity funds through a rights issue in Q2 FY26 for working capital, branding, and factory upgrades.
Resumption of dividends after 3 years signals improving financial health and management confidence, which is positive for shareholders. The planned rights issue may lead to some dilution but is aimed at funding growth initiatives. Overall, the announcement reflects a turnaround story with debt reduction, new capacity, and brand investments, though earnings remain modest and textile industry headwinds persist.