TVS MOTORS Announces Quarterly Results (1QFY20); Net Profit Down 2.9%

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TVS MOTORS Announces Quarterly Results (1QFY20); Net Profit Down 2.9%
Tue, 23 Jul

TVS MOTORS has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

TVS MOTORS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m41,53743,84044,6861.9%7.6%
Other incomeRs m1733612-66.5%-93.1%
TurnoverRs m41,71043,87644,6981.9%7.2%
ExpensesRs m38,47240,75941,1280.9%6.9%
Gross profitRs m3,0653,0813,55815.5%16.1%
DepreciationRs m9331,0311,19415.8%27.9%
InterestRs m18024729117.9%61.5%
Profit before taxRs m2,1241,8392,08513.4%-1.8%
TaxRs m65850166232.2%0.6%
Profit after taxRs m1,4661,3381,4236.3%-2.9%
Gross profit margin%7.47.08.0
Effective tax rate%31.027.231.8
Net profit margin%3.53.13.2
* 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 7.6% on a year-on-year (YoY) basis. The expenses were up by 6.9% YoY during the same period.
  • The company's operating profit increased by 16.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 8.0% in 1QFY20 as against 7.4% in 1QFY19.
  • Depreciation charges increased by 27.9% and finance costs increased by 61.5% YoY, respectively.
  • Other income declined by 93.1% YoY during the quarter.
  • Net profit for the quarter declined by 2.9% YoY. Net profit margins during the quarter declined from 3.5% in 1QFY19 to 3.2% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.9% QoQ during the same period.
  • The company's operating profit increased by 15.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 8.0% in 1QFY20 as against 7.0% in 4QFY19.
  • Net profit for the quarter increased by 6.3% QoQ, while net profit margins increased from 3.0% in 4QFY19 to 3.2% in 1QFY20.

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 down from Rs 540.3 to Rs 381.7, registering a Loss of Rs 158.7 or around 29.4%.

Meanwhile, the S&P BSE AUTO Index is trading at Rs 16,261.5 (down 0.3%). Over the last one year it has moved down from 24,038.2 to 16,261.5, a gain of 7,777 points (down 32.4%).

Overall, the S&P BSE SENSEX is up 3.7% over the year.

Current Valuations

At the current price of Rs 381.7, the price to earnings (P/E) ratio of TVS MOTORS stands at 27.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.7 times.

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