Announced Fri, 24 Jul · 14:46 IST
TTK Healthcare AGM: Revenue up 7%, profit dips, EVA and Good Home brands sold to Wipro
TTKHLTCARE · price
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Price reaction · full curve 14 horizons · vs prior close
+5.1%1-day move
₹1019.80
prior close
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base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
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AI summary
Revenue grew 7% to Rs.857.28 crores but pre-tax profit fell to Rs.82.56 crores from Rs.108.33 crores due to loss of USAID institutional business in Protective Devices. EPS dropped to Rs.46.48 from Rs.57.79. Board announced sale of EVA and Good Home brands to Wipro Enterprises for Rs.256 crores plus GST. Free cash balance stands at around Rs.900 crores. Tribute paid to late former Chairman T T Jagannathan. Dividend maintained at Rs.10 per share.
Likely market impact
Profit decline reflects margin pressure from USAID loss; brand divestment signals portfolio reshaping, cushioned by strong cash reserves and stable dividend.