Finance Khabar: TVS Motor, a leading company that makes motorcycles and three-wheelers in India, saw its stock price rise by 5.6% today, hitting a new high of Rs 2,618 per share.
Key Financial Highlights:
Profit Increase: TVS Motor made a profit of Rs 577 crore in the quarter ending June 30, which is 23% more than the same period last year when it made Rs 468 crore.
Revenue Growth: The company’s sales revenue grew by 16%, from Rs 7,218 crore last year to Rs 8,376 crore this year.
Operating EBITDA: This is a measure of the company’s earnings before certain deductions like interest and taxes, and it grew by 26% to Rs 960 crore.
Profit Margin: The profit margin improved, meaning the company is making more profit compared to its sales.
Although there are some challenges with selling abroad, especially in Africa, TVS Motor is planning to grow and invest in other areas to overcome these issues.
What Experts Think:
Phillip Capital: They think TVS Motor is doing well but maintain a ‘Neutral’ stance because the current stock price already includes the positive aspects.
Jefferies: This group recommends buying the stock, predicting the price could go up to Rs 3,000 per share.
Macquarie: They also think the stock will do well but remind people to watch how the company’s investments affect its cash flow.
