India News
Search Web Directory
News Home
TVS Motor Q1 profit rises 13.2%
Posted on 8th August 2018
TVS Motor Company has reported a 13.2% growth in its net profit for the quarter ended June 30, 2018 to Rs 146.6 crore as against Rs 129.5 crore in the same quarter last fiscal. However, it missed market expectations as analysts were expecting the profit of around Rs 170 crore. In spite of a strong 14% growth in total two-wheeler sales (including exports) to 8.93 lakh units in the quarter under review as compared to 7.85 lakh units sold in the quarter ended June 2017, the profit was not on the expected line due to a sharp rise in material costs to Rs 3,254.50 crore as compared to Rs 2,444.40 crore in the same quarter last fiscal. In the fourth quarter of 2018 fiscal, the material costs were at Rs 2,904 crore.

In addition to that, the provision for taxes during the quarter under review also shot up to Rs 66 crore as compared to Rs 50 crore in the same quarter last fiscal. Due to better realisation, Ebitda margin grew by 70 basis points to 7.4% during the quarter under review as against 6.7%. Ebitda for quarter ended June 2018 grew 35% to Rs 306.5 crore as compared to Rs 227.9 crore in same quarter of last fiscal.

Riding high on the sharp growth in volume (units sale), the revenue during the quarter grew 21% to Rs 4,171 crore (excluding excise duty) as against Rs 3,456.60 crore in the first quarter of last fiscal. The total units sale (volume) during the quarter zoomed to 928,000 as against 802,000 in the same quarter previous fiscal.

The company’s profit before tax (PBT) grew sharply to Rs 212.4 crore as against Rs 179.4 crore which included a notional fair valuation gain of Rs 36.6 crore and a one time GST discount of Rs 16.5 crore given to dealers for the quarter ended June 2017. In a statement here on Tuesday, the company said during the quarter, the motorcycles sales grew 17% to 3.87 lakh units in the quarter ended June 2018 from 3.30 lakh units registered in the quarter ended June 2017.

Scooter sales grew 12% to 2.88 lakh units in the quarter ended June 2018 from 2.58 lakh units in the quarter ended June 2017. The total exports grew 52% to 1.90 lakh units during the quarter ended June 2018 from 1.25 lakh units in the quarter ended June 2017. Total three-wheelers doubled from 17,000 units in the quarter ended June 2017 to 36,000 units in the quarter ended June 2018. During the quarter, the company made an equity investment of Rs 26.85 crore in its Indonesian subsidiary PT TVS Motor Company and Rs 25 crore into equity shares of TVS Credit Services, Chennai.

Related Companies: TVS Motor Company   

Other Latest News
Punjab National Bank in better state, but momentum is still soft – reduce holdings
Posted on 18th February 2019
Punjab National Bank (PNB), post three quarters of muted profitability (losses), reported PAT of `2.5 bn in Q3FY19. This was led by better-than-expected asset quality even as business momentum continued to remain soft.

(a) slippages were restricted at sub-Rs 40 bn (3.7%). This, with better recovery, led to dip in GNPL; (b) that said, business momentum continued to be soft (albeit improving), which with sustained NIM pressure restricted core operating profitability; and (c) improved coverage led to dip in NNPL & sequential traction in domestic growth was encouraging.

The Tata way: Cyrus Mistry or N Chandrasekaran, it’s all about crown jewel TCS
Posted on 18th February 2019
Two years after a change of leadership at the Tata Group, it is abundantly clear that whether it’s Cyrus Mistry or Natarajan Chandrasekaran, cleaning up after Ratan Tata is not easy. Today, the sprawling conglomerate is even more about TCS than when Mistry left it.

The software major accounts for 73% or nearly three-fourths of the combined market capitalisation of ten top 10 companies; this share was just 59% in February 2017, when Chandra took over the reins at the group as chairman, Tata Sons.

Amazon’s deep bench calms investors amid Jeff Bezos scandal, NYC rift
Posted on 18th February 2019
It’s been a rough few weeks for the world’s wealthiest man. CEO Jeff Bezos announced his divorce. He became engulfed in a tabloid scandal complete with blackmail allegations. And, on Thursday, his company abruptly scrapped plans to invest $2.5 billion and hire 25,000 people for a giant new office in New York City.

Airtel, Voda Idea see green shoots after weeding out low-end users
Posted on 18th February 2019
Both the incumbents changed their subscriber definition and plan to focus on revenue-generating users, who will go for a minimum recharge plan every month. Earlier, in one recharge, a subscriber could receive incoming calls for six months. No doubt, the incumbents are moving cautiously to improve their Arpus, and subsequently revenues through such measures.

Shocker from Kamal Hassan: Actor-turned neta demands plebiscite in Kashmir, says what is India 'afraid of'
Posted on 18th February 2019
Actor turned politician Kamal Hassan has made a shocking comment demanding plebiscite in Jammu and Kashmir. According to reports, Kamal Hassan made this statements while talking to reporters in Chennai.

He not only called for a plebiscite in J&K, he also asked what India is afraid of. He accused the country of not taking Kashmiris into confidence. Hassan also branded the terrorists operating in the Valley as 'jehadi fighters' and also called Pakistan occupied Kashmir as 'Azad Kashmir'.

» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Add a comment for TVS Motor Q1 profit rises 13.2%
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Security Code*

Be the first person to write a business review for TVS Motor Q1 profit rises 13.2%

Most Read News

At least 37 CRPF personnel killed in suicide blast in J&K's Pulwama, Jaish-e-Mohammed claims responsibility

RCom arm Reliance Realty gets nod to develop DAKC into Fintech Centre

BSNL solidifies worker benefits, plans VRS package

Mahindra & Mahindra hits 52-week low on tractor guidance cut; stock down 3%

Bharat Dynamics soars 16% on robust December quarter results

More India News

Photo Gallery

A Aa(11 Images) A Aa
  India Web Directory
Business Profiles
Automotive Directory
IT/ITES/BPO Directory
Hotel Directory
Health Directory
Business Directory
Gems & Jewellery
Education Directory
Real Estate Directory
Agriculture Directory
Logistics Directory
Yellow Pages
NRI Guide
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
About us
Link to us
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2019
    All Rights Reserved
Privacy Statement