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Friday, January 25, 2019

TVS Motor Company profit rose the most in 3 quarters



TVS Motor Company profit rose the most in 3 quarters

Chennai based TVS Motor Company Ltd.’s profit rose the most in three quarters, beating analysts' estimates. The net profit rose 15.5 % year-on-year to Rs 178.4 crore in the December quarter. That compares with Rs 170-crore consensus estimate of analysts tracked by Bloomberg.

Revenues rose 26.1 % on a yearly basis to Rs 4,664 crore, led by higher volume. That too was higher than the Rs 4,555 crore forecast. The company sold 9.5 lakh units of two-wheelers between October and December.
 An increase of 19 % from the corresponding quarter last year.

Tvs's three-wheeler sales rose 47 % on a yearly basis to nearly 40,000 units. The operating income or the earnings before interest, tax, depreciation, and amortisation rose 25 % on a yearly basis to Rs 375.7 crore—the consensus estimate was Rs 360 crore. The company’s operating margin remained flat at 8.1 % during the period—analysts had forecast 7.9 %.

Shares of the automaker TVS parred losses and rose as much as 2.6 % to Rs 552 apiece after the results announcement. That compares with a 1.9 % decline in the NSE Nifty Auto Index


TVS Motor Company profit rose the most in 3 quarters Reviewed by S. Chitra on January 25, 2019 Rating: 5 TVS Motor Company profit rose the most in 3 quarters Chennai based TVS Motor Company Ltd.’s profit rose the most in three quarters, ...

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