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Stock in Action - TVS Motor
Last Updated: 9th May 2024 - 05:25 pm
TVS Motor Stock Movement of Day
Why TVS Motors Stock is in News?
Stock in Buzz i.e. TVS Motor Company's stock has garnered attention due to its fourth-quarter financial results for fiscal year 2024 (Q4-FY24). Despite missing analysts' estimates, company witnessed 18% year-on-year increase in net profit to ₹ 485 crore, driven by robust sales volumes, healthy product mix, better pricing, & favourable commodity costs. TVS's revenue from operations surged by 24% year-on-year to ₹ 8,169 crore in Q4-FY24, surpassing market expectations. Additionally, brokerage firms have issued mixed calls on growth prospects of TVS Motor, further contributing to stock's news coverage.
TVS Motors Shares Q4-FY24 Finance Result Highlights
Metric | YoY Progress (%) | QoQ Progress (%) |
Revenue from Operations | +24% | +6.5% |
Operating EBITDA | +36.25% | +7.55% |
EBITD Margin | +104 bps | +104 bps |
Net Profit | +18.31% | +0.76% |
Total Two-Wheeler & Three-Wheeler Sales | +22% | +22% |
Stock of the Day i.e. TVS Motor Company's Q4-FY24 financial results highlight robust growth in revenue, operating EBITDA, & net profit compared to same quarter in previous year. Motor Company achieved significant improvement in operating EBITDA, which grew by 36.25% year-on-year, leading to corresponding expansion in EBITD margin by 104 basis points. Despite missing analysts' estimates, company's net profit saw notable increase of 18.31% year-on-year.
Analysis of TVS Motors Q4-FY24 Financial Results
Stock to Watch i.e. TVS Motor Company's performance in Q4-FY24 reflects its ability to capitalize on favourable market conditions & execute strategic initiatives effectively. Significant growth in revenue from operations demonstrates Company's strong sales momentum & effective pricing strategies, resulting in higher top-line figure compared to previous year.
Stock to watch i.e. TVS robust improvement in operating EBITDA indicates enhanced operational efficiency & cost management measures undertaken. With 36.25 % increase in operating EBITDA, TVS Motor has demonstrated its capability to generate higher earnings from its core business operations while maintaining healthy margin profile.
Furthermore, expansion in EBITDA margin by 104 basis points signifies company's success in optimizing its operational processes & streamlining costs across various functions. This margin expansion is particularly commendable amidst current economic environment characterized by volatility in commodity prices & supply chain disruptions.
Despite missing analysts' expectations in terms of net profit growth, TVS Motor's solid financial performance underscores its resilience & agility in navigating market challenges. TVS's ability to deliver double-digit growth in net profit amidst dynamic business environment reflects its strong fundamentals & prudent financial management practices.
Looking ahead, TVS Motor remains well-positioned to capitalize on emerging opportunities in automotive sector, driven by revival in demand for two-wheelers in both domestic & export markets. TVS's focus on innovation, product diversification, & market expansion initiatives bodes well for its long-term growth trajectory.
TVS Motor Share Price Target: Here's what Brokerages Suggest Post Q4
Brokerage | Rating | Target (INR) |
Jefferies | Buy | 2525 |
CLSA | Sell | 1444 |
JP Morgan | Neutral | 2150 |
Morgan Stanley | Equal-weight | 1706 |
Nomura | Neutral | 1946 |
Citi | Sell | 1550 |
Macquarie | Outperform | 2242 |
Conclusion
Buzzing stock i.e. TVS Motor Company's Q4-FY24 financial results reaffirm its position as leading player in two-wheeler segment, with strong operational performance &robust growth outlook. As company continues to execute its strategic initiatives & capitalize on market opportunities, investors can expect sustained value creation & shareholder returns info resemble future.
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