SoFi CEO enters prepaid forward contract on 1.5 million shares
On Wednesday, CLSA analyst Indrajit Agarwal revised the price target for TTK Prestige stock (TTKPT:IN) to INR620 from the previous INR680 while retaining a Hold rating. The adjustment follows TTK Prestige’s fourth-quarter financial results for the fiscal year 2025, which fell short of both CLSA’s projections and the broader market consensus. The company reported a year-over-year revenue increase of 4% but also experienced a significant decline in Ebitda margin by 449 basis points.
The lower Ebitda margin in the fourth quarter was attributed to an operational investment of Rs163 million. This expenditure is part of a more extensive Rs5 billion strategic investment plan spread over the next three years, encompassing both operational expenses and capital expenditures. According to Agarwal, these investments are strategically aimed at accelerating growth and capturing greater market share. However, they are expected to temporarily affect Ebitda margins for the upcoming eight quarters.
As a result of these strategic investments and their anticipated impact, CLSA has reduced its Ebitda forecasts for TTK Prestige for the fiscal years 2026 and 2027 by 21% and 18%, respectively. Agarwal notes that the long-term benefits of these investments, particularly in terms of market share and margin improvements, will be crucial for a potential re-rating of the stock. The firm will be closely monitoring the visible outcomes of these investments as indicators for any future adjustment in their rating.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.