Updated Q4 Profits for TVS Motor Co. Show a 15.14% Gain this year
The fourth quarter results were announced by TVS Motor Co on May 8, 2024. Revenue was up 25.04% and profit was up 15.14% year over year. However, sales fell 0.71 percent and profits fell 19.17% from the prior quarter.
S&G&A costs climbed by 2.25% quarter-on-quarter and 14.82% year-on-year. There was a 2.35% quarterly decline and a 47.94% year-over-year increase in operating income.
Q4 EPS of ₹8.15 represents a year-on-year growth of 15.16%. TVS Motor Co. has returned -1.44% so far this year, -3.08% over the past week, and 21.23% over the past six months.
The current market cap of TVS Motor Co is ₹94858.27 Cr, with 52 week highs and lows of ₹2313.45 and ₹1220, respectively. There are 33 analysts that have weighed in on the stock as of 10 May 2024. Of these, 6 have issued a Strong Sell rating, 1 a Sell rating, 11 a Hold rating, 6 a Buy recommendation, and 9 a Strong Buy rating.
TVS Motor Co Financials
| Period | Q4 | Q3 | Q-o-Q Growth | Q4 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 10042.47 | 10113.94 | -0.71% | 8031.4 | +25.04% |
| Selling/ General/ Admin Expenses Total | 875.2 | 855.91 | +2.25% | 762.26 | +14.82% |
| Depreciation/ Amortization | 268.71 | 242.42 | +10.84% | 231.78 | +15.93% |
| Total Operating Expense | 8826.21 | 8868.39 | -0.48% | 7209.29 | +22.43% |
| Operating Income | 1216.26 | 1245.55 | -2.35% | 822.11 | +47.94% |
| Net Income Before Taxes | 650.39 | 750.23 | -13.31% | 486.5 | +33.69% |
| Net Income | 386.98 | 478.75 | -19.17% | 336.1 | +15.14% |
| Diluted Normalized EPS | 8.15 | 10.08 | -19.15% | 7.08 | +15.16% |
Here are the key highlights from TVS Motor Company’s Q4 results:
Consolidated Net Profit: The company reported a 15.14% year-on-year (YoY) increase in net profit for the fourth quarter ended March 2024. The net profit stood at ₹387 crore, compared to ₹336 crore in the same period of the previous fiscal.
Revenue Growth: TVS Motor’s revenue from operations grew by 25.04% YoY, reaching ₹10,042.47 crore in Q4 2024. However, when compared to the previous quarter, the revenue declined slightly by 0.71%.
Operating Income: The operating income increased significantly by 47.94% YoY, totaling ₹1,216.26 crore in Q4 2024.
Earnings Per Share (EPS): The EPS for Q4 was ₹8.15, reflecting a 15.16% YoY increase.
Market Performance: TVS Motor Co delivered a -3.08% return in the last week, 21.23% return in the last six months, and -1.44% YTD return.
Analyst Recommendations: As of May 10, 2024, out of 33 analysts covering the company, 6 analysts have given a Strong Sell rating, 1 analyst has given a Sell rating, 11 analysts have given a Hold rating, 6 analysts have given a Buy rating, and 9 analysts have given a Strong Buy rating. The consensus recommendation was to Hold.
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