TVS Srichakra Ltd's Q3FY25 Quarter Results
- 13 Feb 2025
Result Summary
- TVS Srichakra Ltd reported a 4.8% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 11.6%.
- Its expenses for the quarter were down by 2.8% QoQ and up 16.9% YoY.
- The net profit decreased 158.7% QoQ and decreased 125.1% YoY.
- The earnings per share (EPS) of TVS Srichakra Ltd declined at 7.8 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 804.08 | 844.25 | 720.44 | -4.8% | 11.6% |
Total Expenses | 803.56 | 826.34 | 687.18 | -2.8% | 16.9% |
Profit Before Tax | -5.58 | 17.91 | 33.17 | -131.2% | -116.8% |
Tax | 0.44 | 7.66 | 9.14 | -94.3% | -95.2% |
Profit After Tax | -6.02 | 10.25 | 24.03 | -158.7% | -125.1% |
Earnings Per Share | -7.80 | 13.50 | 31.50 | -157.8% | -124.8% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
TVS Srichakra Ltd is a well-recognized player in the automotive industry, specifically in the manufacture and sale of two-wheeler, three-wheeler, and other specialty tyres. The company is part of the larger TVS Group, which is a prominent name in the Indian automotive sector. TVS Srichakra serves a diverse set of markets, both domestically and internationally, contributing significantly to the tyre industry by providing high-quality products. As of recent, there is no specific major development publicly available that significantly alters the company's operational landscape.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), TVS Srichakra Ltd reported a total income of ₹804.08 crores. This represents a decrease of 4.8% compared to the previous quarter (Q2FY25), where the total income was ₹844.25 crores. Conversely, when compared to the same quarter in the previous fiscal year (Q3FY24), there is a notable increase of 11.6%, as the total income then was ₹720.44 crores. These figures highlight the variations in the company's revenue stream over different periods, with a prominent year-over-year growth despite a quarter-over-quarter decline.
Profitability
The company's profitability in Q3FY25 has seen significant changes. The profit before tax recorded a loss of ₹5.58 crores, contrasting sharply with a profit of ₹17.91 crores in Q2FY25 and ₹33.17 crores in Q3FY24. This reflects a quarter-over-quarter decrease of 131.2% and a year-over-year decrease of 116.8%. Consequently, the profit after tax also displayed a downturn, with a loss of ₹6.02 crores in Q3FY25, compared to a profit of ₹10.25 crores in Q2FY25 and ₹24.03 crores in Q3FY24. This resulted in a reduction of 158.7% QoQ and 125.1% YoY in profit after tax. The earnings per share followed a similar trend with a negative value of ₹7.80, down from ₹13.50 in the previous quarter and ₹31.50 in the same quarter last year.
Operating Metrics
TVS Srichakra Ltd's operational metrics for Q3FY25 indicate a total expense of ₹803.56 crores, which is a decrease of 2.8% from Q2FY25's expenses of ₹826.34 crores. However, there is a significant increase of 16.9% when compared to the expenses of ₹687.18 crores in Q3FY24. The tax expense for Q3FY25 stands at ₹0.44 crores, a substantial decrease from both Q2FY25 and Q3FY24, where the tax expenses were ₹7.66 crores and ₹9.14 crores, respectively, indicating a reduction of 94.3% QoQ and 95.2% YoY. These operating metrics provide a detailed view of the company's cost management and operational efficiency over the periods in question.
