TVS Motor Company fell 1.41% to Rs 38.45 at 15:30 IST on BSE after reporting a net loss of Rs 32.72 crore in Q4 March 2013 compared with a net profit of Rs 57.23 crore in Q4 March 2012.
The result was announced during trading hours today, 30 April 2013.
Meanwhile, the BSE Sensex was up 102.07 points, or 0.53%, to 19,489.57.
On BSE, 13.58 lakh shares were traded in the counter as against an average daily volume of 3.20 lakh shares in the past one quarter.
The stock hit a high of Rs 39.90 and a low of Rs 36.25 so far during the day. The stock had hit a 52-week high of Rs 50.25 on 11 January 2013. The stock had hit a 52-week low of Rs 31.50 on 26 March 2013.
The stock had outperformed the market over the past one month till 29 April 2013, rising 20.18% compared with the Sensex's 2.93% rise. The scrip had, however, underperformed the market in past one quarter, sliding 11.06% as against Sensex's 3.02% fall.
The small-cap automobile company has an equity capital of Rs 47.51 crore. Face value per share is Re 1.
TVS Motor Company's net sales rose 6.97% to Rs 1725.29 crore in Q4 March 2013 over Q4 March 2012.
The company has made a provision of Rs 91.63 crore in Q4 March 2013 and the year ended March 2013 (FY13) for diminution in value of its overseas investment.
TVS Motor reported revenue of Rs 1748 crore in Q4 March 2013, up 6.78% compared to Rs 1637 crore in Q4 March 2012.
The company's profit before tax (PBT) before exceptional and extraordinary items in Q4 March 2013 stood at Rs 63.14 crore, up 1.54% against Rs 62.18 crore in Q4 March 2012.
Profit after tax (PAT) before exceptional and extraordinary items was Rs 58.12 crore in Q4 March 2013, up 1.56% against Rs 57.23 crore in Q4 March 2012.
In Q4 March 2013, motorcycles sales was 1.85 lakh units against 1.86 lakh units registered in the previous comparable period. Scooters recorded sales of 0.95 lakh units in Q4 March 2013 compared to 1.10 lakh units in Q4 March 2012. Two wheeler exports registered 0.52 lakh units in Q4 March 2013 against 0.52 lakh units in Q4 March 2012. Three wheeler sales in Q4 March 2013 was 13,961 units against 7401 units in Q4 March 2012.
The company's total revenue for the year ended March 2013 (FY13) stood at Rs 7065 crore, down 1.08% as against Rs 7142 crore for the year ended March 2012 (FY12). Profit before tax before exceptional and extraordinary items during the year ended March 2013 stood at Rs 254.42 crore in FY13, down 19.60% in comparison with Rs 316.46 crore in FY12.
Profit after tax before exceptional and extraordinary item during FY13 stood at Rs 206.86 crore, down 16.95% in comparison to Rs 249.07 crore in FY12. The company has made a provision of Rs 91.63 crore for diminution in value of its overseas investment (consequently the PBT and PAT after exceptional and extraordinary item, stand at Rs 163.58 crore and Rs 116.02 crore respectively.)
During FY13, TVS Motor Company registered overall two-wheeler sales of 19.95 lakh units, down 7.08% in comparison with 21.47 lakh units in FY12. Motorcycle sales during the fiscal stood at 7.56 lakh units, down 10.43% in comparison with 8.44 lakh units in the previous year. Scooters recorded sales of 4.46 lakh units, down 15.05% in comparison with 5.25 lakh units in the previous year. Three wheeler sales of the company increased significantly from 40,166 units in the previous year to 49,143 units in the year ended 31 March 2013, registering a rise of 22.35% year-on-year.
Exports of the company for FY13 stood at 2.11 lakh units, down 21.85% as against 2.70 lakh units in FY12.
TVS Motor Company and BMW Motorrad have signed a long-term cooperation agreement. The aim of the cooperation is to join forces to develop and produce a new series of motorcycles that will cater to the segment below 500 cubic centimeters (CC). The cooperation agreement ensures the two companies, each offering their own vehicle derivatives, which will be sold through their own distribution channels with respective brand names in India and across the globe.
During the year the company introduced TVS Phoenix in the motorcycle executive segment, along with upgrades in the other segments of the motorcycle and scooter markets with the aim to consolidate and leverage a complete product portfolio.
In its outlook, TVS Motor Company said macro-economic signals are still weak. Good monsoon is critical for reducing inflation in food prices, improved sentiments and would lead to growth in the two wheeler industry. The company will introduce a new motorcycle and a new scooter during the course of the current financial year. In addition, the company has planned upgrades across the product portfolio, and will also launch a diesel three wheeler during the year. With a complete portfolio, the company expects to improve its performance during the next financial year, the company said in a statement.
Powered by Capital Market - Live News
