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TVS Motor posts net loss in Q3 (08-09)

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  • #1

    TVS Motor posts net loss in Q3 (08-09)

    TVS Motor posts net loss in Q3 (08-09)

    Original link: Hindu Businessline

    Chennai, Jan. 22: TVS Motor Company has reported a net loss of Rs 95 lakh for the third quarter of the current year compared with a net profit of Rs 5.83 crore in the corresponding quarter of last year.

    Last year’s net profit was aided by a Rs 3.6-crore gain on account of impact of currency movements on the company’s foreign exchange exposure. However, for the current quarter the company has not taken into account the impact. If it had, the loss would have been higher.

    TVS Motor’s turnover for the quarter fell to Rs 869 crore compared with Rs 896 crore in the corresponding quarter of last year. The company sold fewer motorcycles (145 lakh against 176 lakh) and scooters (57 lakh against 65 lakh) in the quarter than previously.

    The quarter’s performance was also affected on two other counts — one, a sharp rise in interest costs to Rs 19 crore against Rs 5 crore previously, and two, a steep fall in ‘other income’ to Rs 27 lakh from Rs 7.11 crore.

    No explanation has been offered by the company either in the press release or in the statement of results, not could the company officials be contacted.

    For the nine-month period ended December 2008, TVS Motor achieved a turnover of Rs 2,827.33 crore (Rs 2,520.74 crore previously) and a net profit of Rs 16.46 crore (Rs 25.29 crore).

    The Economic Slowdown is making things though.
    Last edited by payeng; 01-31-2009, 02:20 AM.
    Tags: None
  • #2
    News Approved.
    :)

    Comment

    • #3
      You are right about the slowdown. But then, there's always a Boom waiting about 5 years or so, from now.

      Regarding RTR Menace, A lot of R&D must have been invested into it. I wonder when will even "some of this" be recovered...

      Even other manufacturers beware, TVS's no special to deserve this... I'm expecting such news from other OEMs too ... Reasons obvious!
      ---
      Brotherhood, Rules, Freedom. Xbhp.
      Indian riding = Alertness, Anticipation and Adjustment.

      Comment

      • #4
        Originally posted by Samarth 619 View Post
        You are right about the slowdown. But then, there's always a Boom waiting about 5 years or so, from now.

        Regarding RTR Menace, A lot of R&D must have been invested into it. I wonder when will even "some of this" be recovered...

        Even other manufacturers beware, TVS's no special to deserve this... I'm expecting such news from other OEMs too ... Reasons obvious!
        Bajaj has a finance arm to help them out in case of this risk (but its a different story that they went berserk with it and are now plagued with delinquency)

        Hero Honda and Honda seem to be on a roll thanks to their legacy.....

        Yamaha is one a comeback of sorts.... so who are you exactly talking about?

        Whatever happened to the TVS Autorickshaws, heard they were a rage when they were launched... Bajaj has autos as their cash cows!

        TVS really needs one good bike in top 3 segments ... top 3 can be Value based for TVS or volume based to capture market share...

        If TVS can go the ultra premium way, then there is a lot of money in the service bit too.... but then it will be slugging it out with the pros....!

        Recession may be the begining of the good time too!
        Super CommuTOURer� - Talk less, Ride more

        .: FB :.|.: TW :.|*IG*| Ex         PowerDrift:.

        #Give thy opinion, write em, dont throw em
        #Everyone errs, accept it, defending/cribbing about it only makes it worse
        #Dont defend a manufacturer as if you work for them
        #Write. Think. If relevant hit submit. If not hit yourself
        #Be kind in your choice of words, you never know who would make you gulp em
        � Satyen Poojary

        Comment

        • #5
          Originally posted by satyenpoojary View Post
          (but its a different story that they went berserk with it and are now plagued with delinquency)
          This a observation of yours or you learn it from somewhere in this case please quote the source.
          sigpic

          Yes, i blog too..

          Comment

          • #6
            Honda (HMSI), Yamaha (India) aren't listed companies in the Indian stock market.. so no point discussing their profit loss statements from a "desi" point of view.

            Moreover India is "just another market" for these Japanese giants.. But for our "Desi" companies, the Indian market is the Bread & Butter market. One doesn't need to go beyond "LML" and "Kinetic" to remind how important profit in business really is. Hero Honda and Bajaj so far has been making profit all right..

            Desi Premium (??) models like Pulsar, Apache RTR, Karizma, FZ16 and R15 (and speculations about Menace, R250 etc.) and Exotic Dream machines like the R1, MT-01 and Hayabusa etc. do liven up discussions forums like XBHP.

            But the harsh market reality in India is that, to sustain profit one needs good numbers/volumes which models like Splendor+, Passion+ (Jai Ho to these ancient models and our aam aadmi as well) continue to provide.


            Love it or hate it, the mass segment (read 100-125 cc economisers) remains the Holy Grail for our "Desi" 2 wheeler companies.

            No wonder the 500 cc Fuel Injected "Bullet Classic" is available in Europe but still doesn't make it in India..!!



            Last edited by payeng; 01-31-2009, 02:59 AM.

            Comment

            • #7
              Originally posted by payeng View Post
              Honda (HMSI), Yamaha (India) aren't listed companies in the Indian stock market.. so no point discussing their profit loss statements from a "desi" point of view.

              Moreover India is "just another market" for these Japanese giants.. But for our "Desi" companies, the Indian market is the Bread & Butter market. One doesn't need to go beyond "LML" and "Kinetic" to remind how important profit in business really is. Hero Honda and Bajaj so far has been making profit all right..

              Desi Premium (??) models like Pulsar, Apache RTR, Karizma, FZ16 and R15 (and speculations about Menace, R250 etc.) and Exotic Dream machines like the R1, MT-01 and Hayabusa etc. do liven up discussions forums like XBHP.

              But the harsh market reality in India is that, to sustain profit one needs good numbers/volumes which models like Splendor+, Passion+ (Jai Ho to these ancient models and our aam aadmi as well) continue to provide.


              Love it or hate it, the mass segment (read 100-125 cc economisers) remains the Holy Grail for our "Desi" 2 wheeler companies.

              No wonder the 500 cc Fuel Injected "Bullet Classic" is available in Europe but still doesn't make it in India..!!


              respect dude...
              I see a lot of sence in your statement ....
              - WonderBoy
              http://thetypicalindian.blogspot.com/

              Comment

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