TVS Motor Company, a leading automobile manufacturer swung to loss for the quarter ended December 2008 due to increase in interest cost and fall in other income.
During the quarter ended December 2008 , the company reported loss of Rs 9.59 million compared with a profit of Rs 58.30 million in the same quarter the previous year. Net sales declined marginally 0.72% to Rs 8,687.13 million, while total income for the quarter fell marginally 3.03% to Rs 8,689.88 million, when compared with the prior year period. The company reported loss of Rs 0.04 a share during the quarter compared with earnings of Rs 0.25 a share in previous year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Net Sales* 8,687.13 8,750.20 (0.72) *Net Profit* (9.59) 58.30 - *Basic EPS* (0.04) 0.25 - During the quarter, the operating margin of the company rose by 325.44 basis points to 5.13% compared with the previous year period. Interest cost increased 3.95 times to Rs 194.05 million while depreciation cost rose 5.64% to Rs 253.54 million over previous year period --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
