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TVS Srichakra’s Q4FY16 standalone net profit rises 51% yoy at Rs. 51.44 crore: Beats Estimates

The company’s revenue stood at Rs. 525.24 crore, up 12.96% yoy and 3.25% qoq

May 11, 2016 4:41 IST | India Infoline News Service
TVS Srichakra
TVS Srichakra reported standalone net profit of Rs. 51.44 crore for the quarter ended March 31, 2016, registering growth of 51.16% yoy and 6.86% qoq. The company’s revenue stood at Rs. 525.24 crore, up 12.96% yoy and 3.25% qoq.

Its standalone core operating profit of Rs. 76.10 crore for the quarter, clocked growth of 18.52% yoy but decline of 6.17% qoq. Operating profit margin for the current quarter at 14.49% expanded by 68 bps yoy but contracted by 145 bps qoq.

For the year ended March 31, 2016, the company reported standalone net profit of Rs. 197.21 crore, growing by 90.01% yoy. Its standalone revenue for the period stood at Rs. 2,059.87 crore, registering growth of 8.64% yoy.

TVS Srichakra Ltd's core operating profit stood at Rs. 322.35 crore, recording growth of 56.77% yoy. Operating margin for the current period at 15.41% expanded by 457 bps yoy.

On consolidated basis, the company reported consolidated net profit of Rs. 186.22 crore for the year ended March 31, 2016, growing by 86.91% yoy. Its consolidated revenue for the period stood at Rs. 2,339.16 crore, registering growth of 7.48% yoy.

TVS Srichakra core operating profit stood at Rs. 322.52 crore, recording growth of 48.56% yoy. Operating margin for the current period at 13.78% expanded by 381 bps yoy.

Result Highlights: (Rs. in crore)

Reported Results IIFL Estimates Variance (%)
Standalone Revenue 525.24 488 7.63
Standalone Net Profit 51.44 43 19.63

Stock Commentary:

TVS Srichakra Ltd ended at Rs. 2465, up by 44.8 points or 1.85% from its previous closing of Rs. 2420.2 on the BSE.

The scrip opened at Rs. 2409.95 and touched a high and low of Rs. 2475 and Rs. 2409.95 respectively. A total of 6668(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1853.87 crore.

The BSE group 'B' stock of face value Rs. 10 touched a 52 week high of Rs. 3249 on 18-Aug-2015 and a 52 week low of Rs. 1600 on 09-Jun-2015. Last one week high and low of the scrip stood at Rs. 2431.9 and Rs. 2310 respectively.

The promoters holding in the company stood at 45.36 % while Institutions and Non-Institutions held 1.87 % and 52.76 % respectively.

The stock traded below its 200 DMA.


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