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TVS Motor surges despite reporting 18% fall in Q3 consolidated net profit

08 Feb 2022 Evaluate

TVS Motor Company is currently trading at Rs. 647.35, up by 10.55 points or 1.66% from its previous closing of Rs. 636.80 on the BSE.

The scrip opened at Rs. 685.00 and has touched a high and low of Rs. 685.00 and Rs. 638.65 respectively. So far 189796 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 793.45 on 09-Nov-2021 and a 52 week low of Rs. 495.00 on 24-Aug-2021.

Last one week high and low of the scrip stood at Rs. 663.00 and Rs. 607.00 respectively. The current market cap of the company is Rs. 30564.73 crore.

The promoters holding in the company stood at 52.26 % while Institutions and Non-Institutions held 38.32 % and 9.42 % respectively.

The company has reported a rise of 8.54% in its net profit at Rs 288.31 crore for the quarter under review as compared to Rs 265.62 crore for the same quarter in the previous year. Total income of the company increased by 5.71% at Rs 5,712.16 crore for Q3FY22 as compared Rs 5,403.74 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 18.34% in its net profit at Rs 236.56 crore for the quarter under review as compared to Rs 289.69 crore for the same quarter in the previous year. However, total income of the company increased by 8.09% at Rs 6,606.22 crore for Q3FY22 as compared Rs 6,111.56 crore for the corresponding quarter previous year.

Peers
Company Name CMP
Bajaj Auto 9861.10
TVS Motor Company 3920.20
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