TVS MOTORS Announces Quarterly Results (3QFY21); Net Profit Up 119.4%

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TVS MOTORS Announces Quarterly Results (3QFY21); Net Profit Up 119.4%
Mon, 1 Feb

TVS MOTORS has announced its results for the quarter ended December 2020. Here is a detailed performance review of the same:

TVS MOTORS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m41,25546,05553,91417.1%30.7%
Other incomeRs m911112411.4%1287.6%
TurnoverRs m41,26446,16654,03717.1%31.0%
ExpensesRs m37,62241,75448,80316.9%29.7%
Gross profitRs m2,8724,3015,11118.8%78.0%
DepreciationRs m1,2131,3311,329-0.1%9.6%
InterestRs m211407291-28.6%37.5%
Profit before taxRs m1,4572,6743,61535.2%148.1%
TaxRs m24771295934.7%288.8%
Profit after taxRs m1,2111,9632,65635.3%119.4%
Gross profit margin%7.09.39.5
Effective tax rate%16.926.626.5
Net profit margin%2.94.34.9
* 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 30.7% on a year-on-year (YoY) basis. The expenses were up by 29.7% YoY during the same period.
  • The company's operating profit increased by 78.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.5% in 3QFY21 as against 7.0% in 3QFY20.
  • Depreciation charges increased by 9.6% and finance costs increased by 37.5% YoY, respectively.
  • Other income increased by 1287.6% YoY during the quarter.
  • Net profit for the quarter increased by 119.4% YoY. Net profit margins during the quarter increased from 2.9% in 3QFY20 to 4.9% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 17.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 16.9% QoQ during the same period.
  • The company's operating profit increased by 18.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.5% in 3QFY21 as against 9.3% in 2QFY20.
  • Net profit for the quarter increased by 35.3% QoQ, while net profit margins increased from 4.2% in 2QFY20 to 4.9% in 3QFY21.

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

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TVS MOTORS Share Price Performance

Over the last one year, TVS MOTORS share price has moved up from Rs 462.9 to Rs 581.6, registering a Gain of Rs 118.7 or around 25.6%.

Meanwhile, the S&P BSE AUTO Index is trading at Rs 23,107.2 (up 4.4%). Over the last one year it has moved up from 17,712.2 to 23,107.2, a gain of 5,395 points (up 30.5%).

Overall, the S&P BSE SENSEX is up 18.6% over the year.

Current Valuations

At the current price of Rs 581.6, the price to earnings (P/E) ratio of TVS MOTORS stands at 69.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.7 times.

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Jul 30, 2021 (Close)

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