Share the post "TVS Motor Company Ltd.’s Quarterly Result and Earnings Report for Q4(Mar 2024) : Sales increased by 25.04 % in YoY and decreased by 0.71 % in QoQ"
Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 25.04 % in the past year, decrease in net sales/revenue by -0.71 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -184.45 %, Marginal decrease of -5912.5% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for TVS Motor Company Ltd.. Notable increase of 22.6 % in net profit Year to Year, TVS Motor Company Ltd.’s profitability dropped by -19.25 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 15.28 % Year to Year. EPS decreased by -19.15 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 8031.4 Cr | Rs. 10113.94 Cr | Rs. 10042.47 Cr | -0.71 % | + 25.04 % |
| Expenses | Rs. 6977.51 Cr | Rs. 8625.97 Cr | Rs. 8557.5 Cr | -0.79 % | + 22.64 % |
| Operating Profit | Rs. 1053.89 Cr | Rs. 1487.97 Cr | Rs. 1484.97 Cr | -0.2 % | + 40.9 % |
| OPM % | 13.12 % | 14.71 % | 14.79 % | + 0.08 % | + 1.67 % |
| Other Income | Rs. 62.65 Cr | Rs. -0.88 Cr | Rs. -52.91 Cr | -5912.5 % | -184.45 % |
| Interest | Rs. 398.26 Cr | Rs. 494.44 Cr | Rs. 512.96 Cr | + 3.75 % | + 28.8 % |
| Depreciation | Rs. 231.78 Cr | Rs. 242.42 Cr | Rs. 268.71 Cr | + 10.84 % | + 15.93 % |
| Profit before tax | Rs. 486.5 Cr | Rs. 750.23 Cr | Rs. 650.39 Cr | -13.31 % | + 33.69 % |
| Tax % | 30.72 % | 31.54 % | 36.2 % | + 4.66 % | + 5.48 % |
| Net Profit | Rs. 335.67 Cr | Rs. 509.61 Cr | Rs. 411.53 Cr | -19.25 % | + 22.6 % |
| EPS in Rs | Rs. 7.07 | Rs. 10.08 | Rs. 8.15 | -19.15 % | + 15.28 % |
Today, we’re looking at TVS Motor Company Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 25.04 %. However, it did see a marginal slip of -0.71 % from the previous quarter. Expenses decreased slightly by -0.79 % quarter-on-quarter, aligning with the annual rise of 22.64 %. Operating profit, while up 40.9 % compared to last year, faced a quarter-on-quarter dip of -0.2 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 1.67 %, but an expansion of 0.08 % sequentially. Other income fell by -5912.5 % compared to the last quarter, despite an annual decline of -184.45 %. Interest expenses surged remarkably by 3.75 % from the previous quarter, yet the year-over-year increase remains at a moderate 28.8 %. Depreciation costs climbed by 10.84 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 15.93 %. Profit before tax grew annually by 33.69 % but saw a reduction from the preceding quarter by -13.31 %.
Tax expenses as a percentage of profits increased slightly by 5.48 % compared to last year, with a more notable quarter-on-quarter increase of 4.66 %. Net profit rose by 22.6 % year-on-year but witnessed a -19.25 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 15.28 % but a quarterly fall of -19.15 %. In summary, TVS Motor Company Ltd.’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 8031.4 Cr | Rs. 10113.94 Cr | Rs. 10042.47 Cr | -0.71 % | + 25.04 % |
| Expenses | Rs. 6977.51 Cr | Rs. 8625.97 Cr | Rs. 8557.5 Cr | -0.79 % | + 22.64 % |
| Operating Profit | Rs. 1053.89 Cr | Rs. 1487.97 Cr | Rs. 1484.97 Cr | -0.2 % | + 40.9 % |
| Net Profit | Rs. 335.67 Cr | Rs. 509.61 Cr | Rs. 411.53 Cr | -19.25 % | + 22.6 % |
| EPS in Rs | Rs. 7.07 | Rs. 10.08 | Rs. 8.15 | -19.15 % | + 15.28 % |
In reviewing TVS Motor Company Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 25.04 % year-on-year growth, although there was a slight dip of -0.71 % from the previous quarter. Expenses rose by 22.64 % compared to the previous year, with a decrease of -0.79 % quarter-on-quarter. Operating Profit surged by 40.9 % annually, and saw a -0.2 % decrease from the last quarter.
Net Profit showed yearly increase of 22.6 %, and experienced a -19.25 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 15.28 % annually, however dipped by -19.15 % compared to the last quarter. In essence, while TVS Motor Company Ltd. exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
