TVS Motor Share Price Surges Over 6% After Strong Q4 Results

TVS Motor Company Shares surged more than 6% following the announcement of its consolidated net profit for the fourth quarter ended March 2024. The company’s impressive performance in Q4 led to a bullish trend in its stock price.

TVS Motor Shares Q4 Results: 

TVS Motor Shares reported a 15% increase in consolidated net profit to ₹387 crore for the fourth quarter ended March 2024, compared to ₹336 crore in the same period of the previous fiscal year. 

The company also disclosed a notable rise in revenue from operations to ₹10,042 crore, marking a substantial increase from ₹8,031 crore reported in the fourth quarter of FY23.

Key Highlights of TVS Motor:

• Quarterly Performance: TVS Motor Company experienced a robust growth in overall two-wheeler and three-wheeler sales, including exports, which surged by 22% to 10.63 lakh units in the fourth quarter of FY24, compared to 8.68 lakh units in the corresponding period of FY23.

• Annual Performance: For the fiscal year ended on March 31, 2024, TVS Motor Company posted a consolidated net profit of ₹1,686 crore, a significant improvement from ₹1,329 crore recorded in the previous fiscal year. Additionally, revenue from operations witnessed a substantial increase to ₹39,145 crore in FY24, compared to ₹31,974 crore reported in the 2022-23 fiscal year.

Market Response: 

In response to the positive earnings report, TVS Motor Company’s stock price surged by 5.73% to ₹2,121.30 on the BSE and 6.32% to ₹2,123 on the NSE.

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