TVS Motor Company slips into red with Rs. 183 cr loss in Q1 FY21
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TVS Motor Company Ltd announced its Q1 FY21 results on July 29, 2020. Consolidated net revenue of TVS Motor Company Ltd in Q1 FY21 stood at Rs. 1,939.65cr, which declined by 61.35% yoy from Rs. 5,018.34cr in Q1FY20.
EBITDA stood at Rs. 73.56cr in Q1 FY21 which decreased by 86.87% yoy. For Q1 FY20, it had posted EBITDA of Rs. 560.05cr. EBITDA margin as of Q1 FY21 was at 3.79% which declined by 7.37% yoy against the same quarter, the previous year.
The consolidated net loss in Q1FY21 came in at Rs. 182.79cr which declined by 220.86%, as compared to Q1 FY20 when it had reported net profit of Rs. 151.24cr. The net profit margin in Q1 FY21 came in at -9.42% which declined by 12.43% yoy. The net profit margin for Q1 FY20 was at 3.01%.
Share price of company closed at Rs. 402.15 down by 0.97% on BSE.
