Earnings Alerts

TVS Motor (TVSL) Earnings Boosted by 13% Increase in August Vehicle Sales

By September 1, 2024 No Comments
  • TVS Motor sold 391,588 units in August 2024.
  • Year-over-year, vehicle sales increased by 13%, up from 345,848 units.
  • Overall sales growth was 13%, compared to 4% growth in the previous year.
  • Exports saw a 14% rise, with 99,976 units sold.
  • Motorcycle sales reached 170,486 units, marking an 11% increase year-over-year.
  • The company sold 24,779 e-scooters, a 3.7% year-over-year increase.
  • Shares of TVS Motor rose by 2.2%, reaching 2,813 rupees.
  • A total of 1.69 million shares were traded.
  • Market analysts’ recommendations are as follows: 21 buys, 9 holds, and 12 sells.

TVS Motor on Smartkarma

Analyst coverage of TVS Motor on Smartkarma includes insights from Pranav Bhavsar, a top independent analyst. In the research report titled “Fundamental Longs – TVS Motors | Nestle India | Honasa,” Pranav Bhavsar identifies TVS Motor as a fundamental long through earnings surprises, EPS upgrades, and management narratives. The analysis also covers other companies like Nestle India and Honasa Consumer, but specifically focuses on potential opportunities in TVS Motor (TVSL IN). The report highlights the potential for EV surprises in TVSL, the safety offered by Nestle in the current market environment, and the possibility of a turnaround for Honasa.


A look at TVS Motor Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth4
Resilience2
Momentum4
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

TVS Motor Company Limited, a manufacturer of motorcycles, mopeds, and scooters, shows promising signs for its long-term outlook based on the Smartkarma Smart Scores. With a strong score in Growth and Momentum, the company is positioned well for future expansion and market performance. The Growth score highlights the potential for increasing revenues and market share, while the Momentum score indicates a positive trend in stock price performance. Although scores for Value and Resilience are not as high, the overall outlook for TVS Motor appears to be on an upward trajectory, supported by its solid performance in growth and momentum factors.

Despite average scores in Value and Resilience, TVS Motor Company Limited seems to have a positive outlook ahead, driven by its strong Growth and Momentum scores. As a manufacturer of motorcycles, mopeds, and scooters, the company is displaying signs of market strength and competitiveness. The Growth score indicates potential revenue and market share expansion, while the Momentum score suggests a favorable trend in stock price performance. Overall, these scores point towards a promising future for TVS Motor, positioning it well for sustained growth and market success in the long term.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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