Updated Q4 Profits for TVS Motor Co. Show a 15.14% Gain this year

The fourth quarter results were announced by TVS Motor Co on May 8, 2024. Revenue was up 25.04% and profit was up 15.14% year over year. However, sales fell 0.71 percent and profits fell 19.17% from the prior quarter.

S&G&A costs climbed by 2.25% quarter-on-quarter and 14.82% year-on-year. There was a 2.35% quarterly decline and a 47.94% year-over-year increase in operating income.

Q4 EPS of ₹8.15 represents a year-on-year growth of 15.16%. TVS Motor Co. has returned -1.44% so far this year, -3.08% over the past week, and 21.23% over the past six months.

The current market cap of TVS Motor Co is ₹94858.27 Cr, with 52 week highs and lows of ₹2313.45 and ₹1220, respectively. There are 33 analysts that have weighed in on the stock as of 10 May 2024. Of these, 6 have issued a Strong Sell rating, 1 a Sell rating, 11 a Hold rating, 6 a Buy recommendation, and 9 a Strong Buy rating.

TVS Motor Co Financials

Period	Q4	Q3	Q-o-Q Growth	Q4	Y-o-Y Growth
Total Revenue	10042.47	10113.94	-0.71%	8031.4	+25.04%
Selling/ General/ Admin Expenses Total	875.2	855.91	+2.25%	762.26	+14.82%
Depreciation/ Amortization	268.71	242.42	+10.84%	231.78	+15.93%
Total Operating Expense	8826.21	8868.39	-0.48%	7209.29	+22.43%
Operating Income	1216.26	1245.55	-2.35%	822.11	+47.94%
Net Income Before Taxes	650.39	750.23	-13.31%	486.5	+33.69%
Net Income	386.98	478.75	-19.17%	336.1	+15.14%
Diluted Normalized EPS	8.15	10.08	-19.15%	7.08	+15.16%

Here are the key highlights from TVS Motor Company’s Q4 results:

Consolidated Net Profit: The company reported a 15.14% year-on-year (YoY) increase in net profit for the fourth quarter ended March 2024. The net profit stood at ₹387 crore, compared to ₹336 crore in the same period of the previous fiscal.

Revenue Growth: TVS Motor’s revenue from operations grew by 25.04% YoY, reaching ₹10,042.47 crore in Q4 2024. However, when compared to the previous quarter, the revenue declined slightly by 0.71%.

Operating Income: The operating income increased significantly by 47.94% YoY, totaling ₹1,216.26 crore in Q4 2024.

Earnings Per Share (EPS): The EPS for Q4 was ₹8.15, reflecting a 15.16% YoY increase.

Market Performance: TVS Motor Co delivered a -3.08% return in the last week, 21.23% return in the last six months, and -1.44% YTD return.

Analyst Recommendations: As of May 10, 2024, out of 33 analysts covering the company, 6 analysts have given a Strong Sell rating, 1 analyst has given a Sell rating, 11 analysts have given a Hold rating, 6 analysts have given a Buy rating, and 9 analysts have given a Strong Buy rating. The consensus recommendation was to Hold.