TVS Srichakra profits wheel down in Q1FY17
DSIJ Intelligence / 22 Aug 2016
TVS Srichakra has declared its Q1FY17 results on Saturday. The company’s revenue has increased by 8.13 per cent to Rs 512 crore in Q1FY17 as compared to same period in previous financial year.
TVS Srichakra has declared its Q1FY17 results on Saturday. The company’s revenue has increased by 8.13 per cent to Rs 512 crore in Q1FY17 as compared to same period in previous financial year. Its EBITDA has declined by 1.71 per cent to Rs 81.68 crore in Q1FY17 on a yearly basis. TVS Srichakra’s EBITDA margin has contracted by 160 basis points to 15.96 per cent in Q1FY17 as compared to same period in previous fiscal. The company’s net profit also has reduced by 6 per cent to Rs 46.51 crore in Q1FY17 on a yearly basis. Its net profit margin has contracted by 136 basis points to 9.09 per cent in Q1FY17 as compared to same period in previous fiscal.
The share price of TVS Srichakra has declined by 3.45 per cent on bourses in early trade; and is trading at Rs 2466 on an intraday basis.
TVS Srichakra is engaged in manufacturing of tyres and tubes. The company manufactures tyres and tubes and other machinery. It also manufactures non-highway service tyres. TVS Srichakra’s manufacturing facilities are located in Madurai district, Tamil Nadu; and Udham Singh Nagar district, Uttarakhand.
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