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TVS Motor shoots up on strong Q2 figures

Capital Market 

TVS Motor Company jumped 6.26% to Rs 437.15 on BSE after the two-wheeler manufacturer announced Q2 results during the trading hours today, 17 October 2019.

TVS Motor Company' consolidated net profit rose 15.09% to Rs 256.88 crore on a 9.17% decline in total income to Rs 4,966.88 crore in Q2 September 2019 compared with Q2 September 2018.

On a standalone basis, TVS Motor Company' net profit surged 20.68% to Rs 255.01 crore on a 12.84% fall in total income to Rs 4,352.74 crore in Q2 September 2019 compared with Q2 September 2018.

EBITDA for the quarter ended September 2019 increased to 8.8% as against 8.6% reported in Q2 September 2018 and 8% reported in Q1 June 2019.

The company's overall two-wheeler sales (including exports) fell 19.73% to 8.42 lakh units in Q2 September 2019 compared with 10.49 lakh units in Q2 September 2018.

Motorcycle sales slipped 18.57% to 3.42 lakh units in Q2 September 2019 compared with 4.20 lakh units registered in Q2 September 2018. Scooter sales fell 14.17% to 3.33 lakh units in Q2 September 2019 as against 3.88 lakh units in Q2 September 2018.

Total three wheeler sales grew by 9% to 43,000 units in Q2 September 2019 from 40,000 units in Q2 September 2018.

Total exports of the company improved 6% to 2.11 lakh units during Q2 September 2019 from 1.99 lakh units in Q2 September 2018.

Meanwhile, the S&P BSE Sensex was up 453 points or 1.17% to 39,052.06.

On the BSE, 5.15 lakh shares were traded in the counter so far compared with average daily volumes of 76,917 shares in the past two weeks. The stock hit an intraday high of Rs 451.45 and an intraday low of Rs 399.10 so far during the day.

The stock hit a 52-week high of Rs 594 on 13 December 2018. The stock hit a 52-week low of Rs 340.30 on 31 July 2019.

TVS Motor Company is engaged in the manufacturing of motorcycles, scooters, mopeds, three wheelers, parts and accessories. The firm's motorcycles include Apache Series RTR, Phoenix 125, Victor, StaR City+, Sport and Max4R.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, October 17 2019. 15:45 IST
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