The company disbursed two-wheeler loans amounting to Rs 329.9 crore and reported a total disbursement of Rs 347.5 crore during the quarter
Revenue from operations went up 17 per cent to Rs 176 crore in Q4 FY20 from Rs 150 crore in the same quarter of previous fiscal
On a sequential basis, however, the company fared better, both in terms of sales and profits. The stock ended day's trade at Rs 869.8, down 1.3 per cent.
Full-year PBT doubles to Rs 256.26 crore from Rs 127.18 crore
According to the monthly sales update, TVS Motors sold 6.32 lakh units during the quarter
Revenues in the US market, its largest geography, came in at $375 million down 15 per cent, though the year ago period had a high base due to a one-time contribution of specialty products
The total income for the quarter rose 8.84 per cent to Rs 2880.82 crore from Rs 2646.96 crore in the year ago period.
The company saw its total consolidated revenue in Q4FY20 at Rs 1961 crore, up by a marginal 4.69 per cent over Rs 1873 crore in Q4FY19
After adjusting for fair value adjustments, profit on sale of investment, dividend and provisioning, the adjusted profit before tax for the quarter ended March 31, 2020 is, Rs 3,535 crore
The company's net profit (before adjustment of minority interest) was Rs 4,811.26 crore in January-March quarter of 2018-19
Analysts see the net profit declining anywhere between 30 per cent and 70 per cent year-on-year (YoY) coupled with elevated asset quality concerns during the period under review
Net profit margin at 4.6% in the March quarter was in line with the number reported a year ago (4%)
Net sales down 20%, impairment provision hurts bottomline further
The Rajiv Bajaj-led company remains optimistic of the road ahead even as the lock down due to the Covid-19 pandemic has crippled the economy
Improvement in realisations and average selling price (ASPs) should provide some relief to the bottom-line
During the quarter, the company took an exceptional charge of Rs 7,004 crore mainly on account of the re-assessment of interest on licence fee, and spectrum usage charges (including interest on AGR).
Torrent Power Limited (TPL) has registered a consolidated loss before tax (LBT) of Rs 693.06 crore for the quarter ended March 2020 as against a profit before tax (PBT) of Rs 220.41 crore in the corre
Referring to loan growth, the company said the impact of Covid-19 on the book was mainly to the extent of reduction in disbursements post lockdown in March
The vehicle finance major, provided Rs 562.6 crore towards Covid-19 related shocks
The net profit for the period declined 42.2 per cent to Rs 123 crore on YoY basis, according to a BSE filing by the company