A business update provides stakeholders with current information about a company’s operations, performance, and strategic initiatives. It typically includes details about financial results, key milestones achieved, new partnerships or contracts secured, product developments, and future outlook.
These updates are essential for investors, employees, customers, and other stakeholders to stay informed about the company’s progress and direction.
Here are the four stocks with their business update:
TVS Motor Company Ltd
TVS Motor Company Limited manufactures motorcycles, scooters, mopeds, tricycles, components, and accessories. The company’s bikes include the Apache Series RTR, Apache RR 310, Apache RTR 165RP, TVS Raider, TVS Radeon, TVS StaR City Plus, and TVS Sport.
With a market capitalization of Rs 1.02 lakh crore, the shares were trading at Rs 2,157 per share, increasing around 0.85 percent as compared to the previous closing price.
In FY 2023-24, the company’s sales increased by 14% to 41.91 lakh units, up from 36.82 lakh in FY 2022-23. In FY 2023-24, the company’s two-wheeler sales increased by 15% to 40.45 lakh units, up from 35.12 lakh in FY 2022-23.
The firm registered 1.46 lakh three-wheelers in FY 2023-24, compared to 1.69 lakh in FY 2022-23. In FY 2023-24, total export sales were 10.13 lakh units, compared to 10.68 lakh in FY 2022-23.
The company’s revenue stood at Rs 10,114 crore in Q3FY24, during the same time frame, net profit stood at Rs 510 crore.
Bajaj Auto Ltd
Bajaj Auto, the Bajaj Group’s main firm, manufactures two- and three-wheelers and sells to 79 countries, including several in Latin America and Southeast Asia. Its headquarters are in Pune, India.
With a market capitalization of Rs 2.59 lakh crore, the shares were trading at Rs 9,288.20 per share, increasing around 2.73 percent as compared to the previous closing price.
In FY 2023-24, the company’s sales increased by 11% to 43.50 lakh units, up from 39.27 lakh in FY 2022-23. In FY 2023-24, the company’s two-wheeler sales increased by 8% to 37.27 lakh units, up from 34.42 lakh in FY 2022-23.
The company’s commercial vehicle sales increased by 28% to 6.23 lakh in FY 2023-24, compared to 4.85 lakh in FY 2022-23. In FY 2023-24, total export sales were 1.45 lakh units, compared to 1.05 lakh in FY 2022-23.
The company’s revenue stood at Rs 12,165 crore in Q3FY24, during the same time frame, net profit stood at Rs 2,033 crore.
Mahindra & Mahindra Ltd
Mahindra & Mahindra Limited is an Indian corporation that provides farm equipment, utility vehicles, information technology, and financial services. The company’s segments are automotive, farm equipment, financial services, industrial businesses, and consumer services.
With a market capitalization of Rs 2.41 lakh crore, the shares were trading at Rs 1,941.30 per share, increasing around 1.35 percent as compared to the previous closing price.
The company’s entire car sales for March 2024 were 68,413 automobiles, representing a 4% increase, including exports. Mahindra sold 40,631 Utility cars in the domestic market, up 13%, for a total of 41,161 cars, including exports. Domestic sales of commercial vehicles totaled 20,930.
The company’s revenue stood at Rs 35,299 crore in Q3FY24, during the same time frame, net profit stood at Rs 2,977 crore.
Tata Motors Ltd
Tata Motors Group is a top worldwide automaker. As part of the legendary multinational corporation, the Tata group, it provides the globe with a diversified portfolio of automobiles, sports utility vehicles, trucks, buses, and defense vehicles.
With a market capitalization of Rs 3.34 lakh crore, the shares were trading at Rs 1,006.60 per share, increasing around 1.46 percent as compared to the previous closing price.
In FY 2023-24, the company’s domestic sales increased by 2% to 9.49 lakh units, up from 9.31 lakh in FY 2022-23. In FY 2023-24, the company’s Passenger Carriers sales increased by 26% to 43,489 units, up from 34,627 in FY 2022-23.
The company’s HCV Trucks sales increased by 5% to 1.16 lakh in FY 2023-24, compared to 1.10 lakh in FY 2022-23. The company’s revenue stood at Rs 110,577 crore in Q3FY24, during the same time frame, net profit stood at Rs 7,145 crore.
Written by:- Abhishek Singh
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