Ti­tan Q2 net rises to Rs 301.11 cr

The Hitavada - - BUSINESS -

TI­TAN Com­pany Ltd on Fri­day re­ported an 8.34 per cent rise in con­sol­i­dated net profit at Rs 301.11 crore for quar­ter ended Septem­ber 30, 2018, dragged by pro­vi­sions made for its cor­po­rate de­posits in the IL&FS group. The com­pany had re­ported a net profit of Rs 277.93 crore for the July-Sept pe­riod of last fis­cal. Ti­tan said as on Septem­ber 30, 2018, as a part of trea­sury op­er­a­tions, it has in­vested in in­ter-cor­po­rate de­posits amount­ing to Rs 145 crore with IL&FS and its sub­sidiary.

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