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TVS Motor soars after stellar Q3 result

Read more about TVS Motor soars after stellar Q3 result on Business Standard. TVS Motor Company jumped 8.3% to Rs 572.55 after the company s standalone net profit surged 119.4% to Rs 265.62 crore on 30.7% rise in net sales to Rs Rs 5391.39 crore in Q3 FY21 over Q3 FY20.

Here s what brokerages expect from TVS Motor Q3 results today

TVS Motor posts highest-ever revenue and profit numbers in Q3 of FY21

TVS Motor Company has reported its highest-ever profit after tax (PAT) of Rs 266 crore for the quarter ended December 31, 2020. In comparson the profit for the same quarter a year ago was Rs 121.07 crore . The company clocked the highest ever revenue of Rs 5,404 crore in the third quarter of 2020-21 as against Rs 4,126 crore in the third quarter of 2019-20, registering a growth of 31 per cent. The company reported highest ever EBITDA of Rs 511 Crore for the third quarter, up 41 per cent from Rs 363 Crore in third quarter of 2019-20. Its PBT was also at an all-time high of Rs 362 Crore as against Rs 146 crore in Q3 of 2019-20. The third quarter results of last year had a one-time reversal of exceptional items of Rs 76 crore.

TVS Motor Company Registers Highest Ever Revenue Of Rs 5,404 Crore In Q3 2020-21

Highlights Profit before tax is highest ever for a quarter, at Rs. 511 crore Overall quarterly two-wheeler sales are reported at 9.52 lakh TVS Motor Company has reported the highest ever revenue of ₹ 5,404 crore in the third quarter of 2020-21. The revenue during October to December 2020, grew by 31 per cent from ₹ 4,126 crore in the third quarter of 2019-20. The company also reported the highest ever EBITDA (earnings before interest, taxes, depreciation and amortisation) of ₹ 511 crore for the third quarter, recording a growth of 41 per cent against ₹ 363 crore in the third quarter of 2019-20. During the current quarter, TVS reported the highest-ever quarterly Profit After Tax (PAT) of ₹ 266 crore, while profit before tax also is the highest for a quarter, at ₹ 362 crore in the third quarter of 2020-21, as against ₹ 146 crore in the third quarter of 2019-20.

TVS Motor Net Profit Up 85% At Rs 290 Crore In Q3, Declares Interim Dividend Of Rs 2 10/share

TVS Motor Net Profit Up 85% At Rs 290 Crore In Q3, Declares Interim Dividend Of Rs 2 10/share
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