TVS Motor has announced its third quarter results. The company’s Q3 net profit was up 137% at Rs 55.7 crore versus Rs 23.5 crore, year-on-year, YoY.
Its net sales were up 50.19% at Rs 1,613 crore versus Rs 1,072.6 crore, YoY.
n a press conference, TVS Motor said:
-2 -Wheeler sales volume up 39%
-3-Wheeler sales crossed 10,000 units for the 1st time
-Topline growth continues to be good
-Should be able to protect margins
-Commodity prices to soften in next fiscal
-Expect CAGR of 14-15% over next 2-3 years
-Will launch two new variants of Apache & Scooty
-Very positive response for 3-wheelers
-3-Wheeler export sales to outpace domestic sales in 1 year
-Supply chain effectiveness improving
The company's trailing 12-month (TTM) EPS was at Rs 2.93 per share. (Sep, 2010). The stock's price-to-earnings (P/E) ratio was 21.71. The latest book value of the company is Rs 18.22 per share.
At current value, the price-to-book value of the company was 3.49. The dividend yield of the company was 1.89%.
Its net sales were up 50.19% at Rs 1,613 crore versus Rs 1,072.6 crore, YoY.
n a press conference, TVS Motor said:
-2 -Wheeler sales volume up 39%
-3-Wheeler sales crossed 10,000 units for the 1st time
-Topline growth continues to be good
-Should be able to protect margins
-Commodity prices to soften in next fiscal
-Expect CAGR of 14-15% over next 2-3 years
-Will launch two new variants of Apache & Scooty
-Very positive response for 3-wheelers
-3-Wheeler export sales to outpace domestic sales in 1 year
-Supply chain effectiveness improving
The company's trailing 12-month (TTM) EPS was at Rs 2.93 per share. (Sep, 2010). The stock's price-to-earnings (P/E) ratio was 21.71. The latest book value of the company is Rs 18.22 per share.
At current value, the price-to-book value of the company was 3.49. The dividend yield of the company was 1.89%.
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