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TVS MOTORS Announces Quarterly Results (1QFY19); Net Profit Up 13.2%

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TVS MOTORS Announces Quarterly Results (1QFY19); Net Profit Up 13.2%
Wed, 8 Aug

TVS MOTORS has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

TVS MOTORS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m37,42739,92841,5374.0%11.0%
Other incomeRs m571240173-27.8%-69.7%
TurnoverRs m37,99840,16841,7103.8%9.8%
ExpensesRs m35,31337,12138,4723.6%8.9%
Gross profitRs m2,1142,8073,0659.2%45.0%
DepreciationRs m783944933-1.1%19.1%
InterestRs m107183180-1.3%68.1%
Profit before taxRs m1,7941,9212,12410.6%18.4%
TaxRs m500264658148.9%31.7%
Profit after taxRs m1,2951,6561,466-11.5%13.2%
Gross profit margin%5.67.07.4
Effective tax rate%27.813.831.0
Net profit margin%3.44.13.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 11.0% on a year-on-year (YoY) basis. The expenses were up by 8.9% YoY during the same period.
  • The company's operating profit increased by 45.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 7.4% in 1QFY19 as against 5.6% in 1QFY18.
  • Depreciation charges and finance costs increased by 19.1% YoY and 68.1% YoY, respectively.
  • Other income declined by 69.7% YoY during the quarter.
  • Net profit for the quarter increased by 13.2% YoY. Net profit margins during the quarter increased from 3.4% in 1QFY18 to 3.5% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.6% QoQ during the same period.
  • The company's operating profit increased by 9.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 7.4% in 1QFY19 as against 7.0% in 4QFY18.
  • Net profit for the quarter declined by 11.5% QoQ, while net profit margins declined from 4.1% in 4QFY18 to 3.5% in 1QFY19.

To see how TVS MOTORS has performed over the last eight quarters, please visit here.

TVS MOTORS Share Price Performance

Over the last one year, TVS MOTORS share price has moved up from Rs 595.5 to Rs 536.2, registering a Loss of Rs 59.3 or around 10.0%.

Meanwhile, the S&P BSE AUTO Index is trading at Rs 24,308.0 (up 0.2%). Over the last one year it has moved down from 24,739.8 to 24,308.0, a gain of 432 points (down 1.7%).

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 536.2, the price to earnings (P/E) ratio of TVS MOTORS stands at 37.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 9.5 times.

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Feb 22, 2019 (Close)

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