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TVS Motor gains despite reporting 14% fall in Q4 consolidated net profit
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TVS Motor Company is currently trading at Rs. 632.65, up by 2.45 points or 0.39% from its previous closing of Rs. 630.20 on the BSE.
The scrip opened at Rs. 625.00 and has touched a high and low of Rs. 636.15 and Rs. 610.00 respectively. So far 117380 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. 659.00 and Rs. 610.00 respectively. The current market cap of the company is Rs. 30032.63 crore.
The promoters holding in the company stood at 50.81%, while Institutions and Non-Institutions held 40.48% and 8.72% respectively.
TVS Motor Company has reported results for fourth quarter and year ended March 31, 2022.
The company has reported a fall of 5.10% in its net profit at Rs 274.50 crore for the quarter under review as compared to Rs 289.24 crore for the same quarter in the previous year. However, total income of the company increased by 3.93% at Rs 5,538.49 crore for Q4FY22 as compared Rs 5,328.87 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a fall of 13.95% in its net profit at Rs 274.67 crore for the quarter under review as compared to Rs 319.19 crore for the same quarter in the previous year. However, total income of the company increased by 7.46% at Rs 6,598.75 crore for Q4FY22 as compared Rs 6,140.54 crore for the corresponding quarter previous year.
For the year ended March 31, 2022, the company has reported a rise of 46% in its net profit at Rs 893.56 crore as compared to Rs 612.04 crore for the previous year. Total income of the company increased by 23.99% at Rs 20,809.50 crore for year under review as compared to Rs 16,783.51 crore for year ended March 31, 2021.
For the year ended March 31, 2022, on the consolidated basis, the company has reported a rise of 20.31% in its net profit at Rs 730.88 crore as compared to Rs 607.50 crore for the previous year. Total income of the company increased by 25.27% at Rs 24,388.18 crore for year under review as compared to Rs 19,468.04 crore for year ended March 31, 2021.
