Latest news with #TVSSrichakra
Business Standard
16 hours ago
- Automotive
- Business Standard
TVS Srichakra arm injects Rs 6 cr in TVS Sensing Solution via right issue
TVS Srichakra said that its wholly owned subsidiary, TVS Srichakra Investments (TSIL) has subscribed 2.14 lakh shares of TVS Sensing Solution Private Limited (TVSSSPL) via right issue. TVS Sensing Solution Private Limited (TVSSSPL), a wholly owned subsidiary of TSIL, primarily engaged in the manufacture of electrical switches, electrical apparatus and related components. It provides products and solutions across a wide range of segments, including automotive, industrial, consumer durables and IT. Its turnover was Rs 157.17 crore in FY25. TSIL has acquired 2,14,285 equity shares of TVSSPL, with a face value of Rs 10 each for a total consideration of Rs 6 crore. The investment aims to improve efficient working capital management and support the growth plans of TVSSPL. TVS Srichakra, the manufacturer of Eurogrip, TVS Eurogrip and TVS Tyres brands of tyres is one of Indias leading manufacturers and exporters of two, three-wheeler tyres and off-highway tyres. The companys consolidated net profit jumped 92.8% to Rs 12.88 crore on 3.6% increase in net sales to Rs 819.41 crore in Q1 FY26 over Q1 FY25. The counter shed 0.19% to settle at Rs 2838.05 on the BSE.
Business Upturn
6 days ago
- Business
- Business Upturn
TVS Srichakra edges higher on global trademark licensing deal; follows strong Q1 earnings rally
By Aditya Bhagchandani Published on August 13, 2025, 09:44 IST Shares of TVS Srichakra Ltd rose as much as 7% on Tuesday, August 12, after the company reported a strong set of earnings for the quarter ended June 2025. Net profit surged 92.5% year-on-year to ₹13 crore, compared to ₹6.7 crore in the corresponding quarter last year. Revenue from operations grew 3.6% to ₹819.4 crore, up from ₹791 crore in the same period a year ago, while other income jumped to ₹2.10 crore from ₹0.30 crore. However, EBITDA declined 12% YoY to ₹48.2 crore, with margins contracting to 5.9% from 6.9% a year earlier. Despite the mixed performance on operational metrics, the sharp profit jump boosted investor sentiment, pushing the stock sharply higher on Tuesday. On Wednesday, August 13, the stock traded nearly 1% higher after the company announced it had signed a long-term Trademark License Agreement with its wholly owned US subsidiary, Super Grip Corporation, granting rights to use the 'SUPER GRIP' brand globally. Under the 99-year agreement, TVS Srichakra will pay a 2% royalty on sales made under the Super Grip brand to third-party customers, excluding its subsidiary. The deal is expected to strengthen global brand presence and support the company's international growth strategy, particularly in the US and other overseas markets. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Standard
6 days ago
- Business
- Business Standard
TVS Srichakra consolidated net profit rises 92.81% in the June 2025 quarter
Sales rise 3.59% to Rs 819.41 crore Net profit of TVS Srichakra rose 92.81% to Rs 12.88 crore in the quarter ended June 2025 as against Rs 6.68 crore during the previous quarter ended June 2024. Sales rose 3.59% to Rs 819.41 crore in the quarter ended June 2025 as against Rs 790.98 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 819.41790.98 4 OPM % 5.896.91 - PBDT 35.8741.77 -14 PBT 2.3612.41 -81 NP 12.886.68 93
Mint
02-07-2025
- Business
- Mint
Small-cap Tyre sector stock rises 11%, despite GST notice. Here's what is fueling gains
Stock Market Today: Small-cap Tyre sector stock gained more than 11% during the intraday trades on Wednesday, despite the GST notice. Here's what is fueling gains for TVS Srichakra Ltd.'s share price TVS Srichakra share price that opened at ₹ 3082.10 levels on Wednesday skyrocketed to ₹ 3410.15, which meant intraday gains of more than 11%. The TVS Srichakra share price has been rising in the last few days. The TVS Srichakra share price has been rising, helped by ongoing expansions amidst favorable raw material prices, such as that of rubber. Concerns about crude oil prices also have cooled down, and the crude derivative prices also are likely to remain favorable for TVS Srichakra. TVS Srichakra Expansions— The company recently announced opening two more Eurogrip Tyres exclusive retail stores in Chennai. The exclusive stores will retail tyres, allied automotive products, apart from offering best-in-class services. The company intends to open additional trademark stores in various places to provide clients with easy access to our goods and services. These stores will take care of warranty-related procedures in addition to offering services like tyre fitting, tyre care, and puncture repair, as well as extra services like lubricant and engine oil changes. Eurogrip Tyes presently has exclusive stores in Chennai, Mysore, Ahmedabad, Patna, Farrukhabad, and Hyderabad, and this network is fast expanding. Favorable key raw material prices—prices of raw materials such as natural rubber, synthetic rubber, and derivatives of crude oil are major components in the production of tyres. Production costs and profit margins are greatly impacted by changes in the prices of these raw materials. The natural rubber price at close to $165 a kg is significantly lower compared to more than $200 a kg, few months back. The crude oil prices that shot up with the Israel-Iran war have cooled down fast post-Israel-Iran ceasefire. to sub-$70 a barrel levels. The same is positive for outlook. On the flip side, small-cap Tyre sector stock TVS Srichakra announced having received a demand-cum-show cause notice issued by the Office of the Additional Commissioner of CGST, Dehradun, Uttarakhand. The total demand raised amounts to ₹ 65.38 crore (Rs. 65,383,559,900), which comprises Tax of 37.548 crore and a penalty of Rs. 27.83. TVS Srichakra has said that the company does not expect any material financial implication as it believes the demand-cum-show cause notice lacks merit. The discrepancies pointed out by the authority do not consider the responses and reconciliations already submitted by the company. Disclaimer: The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
13-06-2025
- Automotive
- Business Standard
Why did TVS Srichakra shares zoom 13% in trade today? Find out here
TVS Srichakra shares surged after its premium tyre brand, Eurogrip, was officially integrated into the after-sales service network of Honda Taiwan Co., Ltd. SI Reporter New Delhi TVS Srichakra share price: TVS Srichakra shares were buzzing in trade on the last trading day of the week i.e. Friday, June 13, 2025, with the scrip rallying up to 12.79 per cent to hit an intraday high of ₹3,281.55 per share. However, by 11:25 AM, TVS Srichakra shares were off day's high, and were trading 10.97 per cent higher at ₹3,228.45 per share. In comparison, BSE Sensex was trading 0.93 per cent lower at 80,931.73 levels. What triggered the up move in TV Srichakra share price? TVS Srichakra shares surged after its premium tyre brand, Eurogrip, was officially integrated into the after-sales service network of Honda Taiwan Co., Ltd. As part of the collaboration, Eurogrip's high-performance motorcycle tyres—PROTORQ EXTREME and ROADHOUND—will now be available at all authorised Honda Motorcycle service centres in Taiwan. The move marks a major step in strengthening Eurogrip's presence in the competitive Taiwanese two-wheeler market, supported by its global reserach and development (R&D) and advanced tyre technology. T K Ravi, chief operating officer, TVS Srichakra, said, 'This partnership with Honda Taiwan is a proud milestone for us, as we expand our footprint across key Asian markets. It reflects the growing trust in the Eurogrip brand and our commitment to delivering world-class products and service support. We are excited to see early momentum and remain committed to building lasting value through innovation, performance and partnership.' The brand also plans to partner with Honda Taiwan on training and customer engagement initiatives aimed at boosting the rider experience. ALSO READ | About TVS Srichakra TVS Srichakra, the manufacturer of tyre brands such as Eurogrip, TVS Eurogrip, and TVS Tyres, is among the country's leading producers and exporters of two-wheeler, three-wheeler, and off-highway tyres. Established in 1982, it operates under the umbrella of TVS Mobility, a $3 billion group. Headquartered in Madurai, the company operates advanced manufacturing units in Madurai (Tamil Nadu) and Rudrapur (Uttarakhand), with a monthly production capacity of over 3 million tyres. Its global R&D capabilities are supported by a design centre in Milan, Italy, and a testing footprint spanning India, Europe, and Japan. With a strong presence in over 85 countries, TVS Srichakra holds a considerable share in both the OEM and replacement markets in India, backed by an extensive distribution and dealer network.
