TVS Srichakra reported 12.42% growth in total revenues for the Dec-20 quarter on consolidated basis at Rs572.70cr. The company is one of the key manufacturers of automotive tyres and flaps and the company saw a sharply better traction in the Dec-20 quarter on account of a revival in the auto demand. The Dec-20 quarter had seen a sharp revival in auto demand across the board on account of festive sales.
The consolidated Profit after tax (PAT) for the Dec-20 quarter was up 184% at Rs36.27cr. The cost control measures implemented resulted in a sharp saving in miscellaneous other expenses as well as the funds locked up in the working capital cycle. As a result, the PAT margins improved from 2.51% in Dec-19 to 6.33% in Dec-20.
Financial highlights for Dec-20 compared yoy and sequentially
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TVS Srichakra |
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Rs in Crore |
Dec-20 |
Dec-19 |
YOY |
Sep-20 |
QOQ |
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Total Income (Rs cr) |
₹ 572.70 |
₹ 509.44 |
12.42% |
₹ 552.38 |
3.68% |
|
Net Profit (Rs cr) |
₹ 36.27 |
₹ 12.78 |
183.80% |
₹ 39.85 |
-8.98% |
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Diluted EPS (Rs) |
₹ 47.36 |
₹ 16.69 |
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₹ 52.04 |
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Net Margins |
6.33% |
2.51% |
|
7.21% |
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