TVS MOTOR COMPANY LTD. has reported financial results for the period ended September 30, 2020.
Financial Results (Q2 FY20-21) - QoQ Comparison
The company has reported total income of Rs.5269.59 crores during the period ended September 30, 2020 as compared to Rs.1946.35 crores during the period ended June 30, 2020.
The company has posted net profit / (loss) of Rs.179.93 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.(179.37) crores for the period ended June 30, 2020.
The company has reported EPS of Rs.3.79 for the period ended September 30, 2020 as compared to Rs.(3.78) for the period ended June 30, 2020.
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Total Income | ₹ 5269.59 crs | ₹ 1946.35 crs | 170.74% |
Net Profit | ₹ 179.93 crs | ₹ (179.37) crs | 200.31% |
EPS | ₹ 3.79 | ₹ (3.78) | 200.26% |
Financial Results (Q2 FY20-21) - YoY ComparisonThe company has reported total income of Rs.5269.59 crores during the period ended September 30, 2020 as compared to Rs.4966.88 crores during the period ended September 30, 2019.
The company has posted net profit / (loss) of Rs.179.93 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.253.57 crores for the period ended September 30, 2019.
The company has reported EPS of Rs.3.79 for the period ended September 30, 2020 as compared to Rs.5.34 for the period ended September 30, 2019.
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Total Income | ₹ 5269.59 crs | ₹ 4966.88 crs | 6.09% |
Net Profit | ₹ 179.93 crs | ₹ 253.57 crs | -29.04% |
EPS | ₹ 3.79 | ₹ 5.34 | -29.03% |
Financial Results (6 months ended FY 20-21) - YoY ComparisonThe company has reported total income of Rs.7215.94 crores during the 6 months period ended September 30, 2020 as compared to Rs.9993.15 crores during the 6 months period ended September 30, 2019.
The company has posted net profit / (loss) of Rs.0.56 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.399.97 crores for the 6 months period ended September 30, 2019.
The company has reported EPS of Rs.0.01 for the 6 months period ended September 30, 2020 as compared to Rs.8.42 for the 6 months period ended September 30, 2019.
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Total Income | ₹ 7215.94 crs | ₹ 9993.15 crs | -27.79% |
Net Profit | ₹ 0.56 crs | ₹ 399.97 crs | -99.86% |
EPS | ₹ 0.01 | ₹8.42 | -99.88% |
Despite COVID-19 challenges, the Company strengthened its supply chain during second quarter of 2020-21. The production and sales improved consistently from July 2020 onwards. In the month of July 2020, the total two-wheeler sales was 2.44 Lakh numbers, it improved to 2.77 Lakh numbers in the month of August 2020 and in September 2020 sales further improved to 3.13 Lakh numbers. In the month of September 2020 sales grew by 4.2%.
Total two-wheeler sales of 8.34 Lakh for the quarter was almost in line with last year second quarter number of 8.42 Lakh. Two-wheeler export sales grew by 7.8% compared to Q2 of last year. Motorcycles registered sales of 3.66 Lakh units in the quarter ended September 2020 as against sales of 3.42 Lakh units registered in the quarter ended September 2019. Scooter sales of the Company for the quarter registered sales of 2.70 Lakh units as against sales of 3.33 Lakh units in the quarter ended September 2019. Total three wheelers registered sales of 0.33 Lakh units in the quarter ended September 2020 as against sales of 0.43 Lakh units in the quarter ended September 2019.
The total two-wheeler sales of the Company for the half-year ended September 2020 is 10.90 Lakh units as against 17.26 Lakh units recorded in the half-year ended September 2019. The total three-wheeler sales for the half-year ended September 2020 is 0.45 Lakh units as against 0.83 Lakh units registered in the half-year ended September 2019. The total export of two and three wheelers for the half-year ended September 2020 is 2.96 Lakh units as against 4.20 Lakh units in the half-year ended September 2019.
Shares of TVS MOTOR COMPANY LTD. was last trading in BSE at Rs.422.65 as compared to the previous close of Rs. 426.75. The total number of shares traded during the day was 23145 in over 1135 trades.
The stock hit an intraday high of Rs. 427.5 and intraday low of 421.45. The net turnover during the day was Rs. 9822051.
Source : Equity Bulls
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