TVS Holdings Q2 Results Live: Profit Falls by 19.07% YOY | Mint

TVS Holdings Q2 Results Live : TVS Holdings declared their Q2 results on 23 Oct, 2024, revealing a significant decline in performance. The company’s topline revenue decreased by 49.38% year-over-year, while profit fell by 19.07% compared to the same period last year.

In a contrast to the previous quarter, TVS Holdings showed some positive trends, with revenue growing by 12.1% and profit increasing by 28.3%. This indicates a potential recovery from previous challenges faced in the market.

The company reported a decline in Selling, General & Administrative (SG&A) expenses, which fell by 0.15% quarter-over-quarter and 46.55% year-over-year, suggesting a tightening of operational costs.

Operating income saw an impressive rise of 87.5% on a quarter-over-quarter basis, though it still reflected a drastic decrease of 101.25% year-over-year, highlighting the volatility in operational performance.

Earnings per share (EPS) stood at ₹137.54 for Q2, down by 19.82% year-over-year, indicating challenges in profitability amidst fluctuating revenues.

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

Currently, TVS Holdings boasts 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 its stock performance over the year.