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TVS Motor Company rides high on reporting 23% rise in Q4 consolidated net profit
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TVS Motor Company is currently trading at Rs. 2080.45, up by 74.30 points or 3.70% from its previous closing of Rs. 2006.15 on the BSE.
The scrip opened at Rs. 2024.00 and has touched a high and low of Rs. 2121.30 and Rs. 2024.00 respectively. So far 154153 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2313.90 on 07-Mar-2024 and a 52 week low of Rs. 1214.50 on 18-May-2023.
Last one week high and low of the scrip stood at Rs. 2121.30 and Rs. 1919.00 respectively. The current market cap of the company is Rs. 99067.54 crore.
The promoters holding in the company stood at 50.27%, while Institutions and Non-Institutions held 41.08% and 8.65% respectively.
TVS Motor Company has reported results for fourth quarter (Q4) and year ended March 31, 2024.
The company has reported 18.32% rise in its net profit at Rs 485.43 crore for the quarter under review as compared to Rs 410.27 crore for the same quarter in the previous year. Total income of the company increased by 21.94% at Rs 8,140.17 crore for Q4FY24 as compared Rs 6,675.28 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 22.60% rise in its net profit at Rs 411.53 crore for fourth quarter ended March 31, 2024 as compared to Rs 335.67 crore for the same quarter in the previous year. Total income of the company increased by 23.47% at Rs 9,998.94 crore for Q4FY24 as compared Rs 8,098.54 crore for the corresponding quarter previous year.
For the year ended March 31, 2024, the company has reported 39.70% rise in net profit at Rs 2,083.00 crore as compared to Rs 1,491.03 crore for the previous year. Total income of the company increased by 20.57% at Rs 31,924.90 crore for year under review as compared to Rs 26,478.66 crore for year ended March 31, 2023.
For the year ended March 31, 2024, on the consolidated basis, the company has reported 35.82% rise in its net profit at Rs 1,778.54 crore as compared to Rs 1,309.46 crore for the previous year. Total income of the company increased by 22.23% at Rs 39,250.56 crore for year under review as compared to Rs 32,111.99 crore for year ended March 31, 2023.
