TVS Holdings Q2 results live: Profit falls 19.07% YoY

TVS Holdings Q2 Results Live: TVS Holdings announced its Q2 results on October 23, 2024 and showed a significant decline in performance. The company’s total revenue fell 49.38% year-on-year, while profit fell 19.07% compared to the same period last year.

In contrast to the previous quarter, TVS Holdings showed some positive trends: revenue increased by 12.1% and profit increased by 28.3%. This suggests a possible recovery from previous challenges in the market.

The company reported a decline in selling, general and administrative (SG&A) expenses, which fell 0.15% quarter-on-quarter and 46.55% year-on-year, suggesting a tightening of operating expenses.

Operating income recorded an impressive 87.5% increase quarter-on-quarter, but still reflected a drastic 101.25% decline year-on-year, highlighting the volatility of operating performance.

Earnings per share (EPS) were ₹137.54 for the second quarter, a decline of 19.82% year-on-year, indicating challenges in profitability amid fluctuating sales.

Despite the recent downturn, TVS Holdings has demonstrated long-term resilience with a return of -4.37% in the last week, a remarkable return of 54.47% in the last six months and a year-to-date return of 67.06%.

Currently, TVS Holdings has a market capitalization of ₹28664.44 Cr, with a 52-week high of ₹15137.45 and a low of ₹5162.65, reflecting significant fluctuations in stock performance over the year.