Quarterly Result4 Aug 2025, 11:56 am
Titan Intech Posts 42.6% PAT Growth in Q1 FY 25; Announces 34.5 Cr R&D Capitalization
AI Summary
Titan Intech Limited, a global leader in software development, announced its Q1 FY 25 results with a 42.6% YoY growth in PAT. The company also announced a 1:10 stock split, increase in authorized share capital, and allotment of equity shares upon conversion of warrants. Additionally, the company has capitalized 24.5 crore in R&D expenditure towards its pioneering project, '3D Display & AI-Integrated Educational Platforms.'
Key Highlights
- Reported a 3.18% year-on-year growth in Q1 FY 25.
- Share capital increased from 355 crore to 2100 crore and stock split (1:10) approved.
- Allotment of 8 lakh equity shares on conversion of warrants completed.
- Capitalization of 4.5 crore R&D spend on '3D Display & AI-Integrated Educational Platforms.'
- Announced a 1:10 stock split to enhance liquidity, broaden the shareholder base, and make shares more affordable for retail investors.