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TVS Motor zooms despite reporting 29% fall in Q2 consolidated net profit

30 Oct 2020 Evaluate

TVS Motor Company is currently trading at Rs. 453.80, up by 31.55 points or 7.47% from its previous closing of Rs. 422.25 on the BSE.

The scrip opened at Rs. 425.00 and has touched a high and low of Rs. 461.40 and Rs. 425.00 respectively. So far 241224 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 503.00 on 31-Oct-2019 and a 52 week low of Rs. 240.10 on 07-Apr-2020.

Last one week high and low of the scrip stood at Rs. 461.40 and Rs. 407.25 respectively. The current market cap of the company is Rs. 21659.22 crore.

The promoters holding in the company stood at 57.40%, while Institutions and Non-Institutions held 32.56% and 10.05% respectively.

TVS Motor Company has reported a fall of 23.04% in its net profit at Rs 196.25 crore for the quarter ended September 30, 2020 as compared to net profit of Rs 255.01 crore for the same quarter in the previous year. However, total income of the company increased by 6.06% at Rs 4,616.58 crore for Q2FY21 as compared Rs 4,352.74 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 29.04% in its net profit attributable to owner at Rs 179.93 crore for the quarter ended September 30, 2020 as compared to net profit of Rs 253.57 crore for the same quarter in the previous year. However, total income of the company increased by 6.09% at Rs 5,269.59 crore for Q2FY21 as compared Rs 4,966.88 crore for the corresponding quarter previous year.

Peers
Company Name CMP
Bajaj Auto 9650.00
TVS Motor Company 3860.00
Hero MotoCorp 4860.00
Eicher Motors 6790.00
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