TVS Motor Company rides high on reporting 4-fold jump in Q4 consolidated net profit
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TVS Motor Company is currently trading at Rs. 644.00, up by 77.70 points or 13.72% from its previous closing of Rs. 566.30 on the BSE.
The scrip opened at Rs. 604.00 and has touched a high and low of Rs. 661.10 and Rs. 598.70 respectively. So far 866004 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 661.10 on 28-April-2021 and a 52 week low of Rs. 291.40 on 28-Apr-2020.
Last one week high and low of the scrip stood at Rs. 661.10 and Rs. 523.90 respectively. The current market cap of the company is Rs. 30735.76 crore.
The promoters holding in the company stood at 57.40%, while Institutions and Non-Institutions held 33.18% and 9.42% respectively.
TVS Motor Company has reported above 3-fold jump in its net profit at Rs 289.24 crore for the quarter ended March 31, 2021 as compared to Rs 73.87 crore for the same quarter in the previous year. Total income of the company increased by 51.97% at Rs 5,328.87 crore for Q4FY21 as compared Rs 3,506.53 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported above 4-fold jump in its net profit attributable to owners at Rs 310.05 crore for the quarter ended March 31, 2021 as compared to Rs 74.04 crore for the same quarter in the previous year. Total income of the company increased by 48.73% at Rs 6,140.54 crore for Q4FY21 as compared Rs 4,128.67 crore for the corresponding quarter previous year.
For the year ended March 31, 2021, the company has reported a rise of 3.34% in its net profit at Rs 612.04 crore as compared to Rs 592.25 crore for the previous year. Total income of the company increased by 1.99% at Rs 16783.51 crore for year under review as compared to Rs 16455.44 crore for year ended March 31, 2020.
For the year ended March 31, 2021, on the consolidated basis, the company has reported a fall of 4.86% in its net profit at Rs 594.26 crore as compared to Rs 624.62 crore for the previous year. However, total income of the company increased by 2.99% at Rs 19468.04 crore for year under review as compared to Rs 18901.14 crore for year ended March 31, 2020.
