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TVS Motor Q1 net profit rises 23% to Rs 577 crore

The company's revenue from operations rose 16 percent to Rs 8,376 crore in Q1FY25 as compared to Rs 7,218 crore in Q1FY24

August 06, 2024 / 19:14 IST
The Chennai-based automaker’s operating EBITDA margin significantly improved by 90 bps at 11.5 percent as against 10.6 percent in the quarter ended June 2023.
     
     
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    TVS Motor Company on August 6 reported 23 percent rise in consolidated net profit at Rs 577 crore for the quarter ended June 30, against Rs 468 crore recorded in the year-ago period.

    TVS Motor's revenue from operations rose 16 percent to Rs 8,376 crore in Q1FY25 as compared to Rs 7,218 crore in Q1FY24. The company posted its highest ever operating profit or earnings before interest, tax, depreciation and amortization (EBITDA) of Rs 960 crore with a growth of 26 percent for the first quarter of 2024-25 Rs 764 crore in first quarter of 2023-24.

    The Chennai-based automaker’s operating EBITDA margin significantly improved by 90 bps at 11.5 percent as against 10.6 percent in the quarter ended June 2023.

    The overall two-wheeler and three-wheeler sales, including exports, grew by 14 percent, registering sales of 10.87 lakh units in the quarter ended June 2024 as against 9.53 lakh units registered in the quarter ended June 2023.

    During the quarter ended June 2024, the company’s motorcycle sales grew by 11 percent to 5.14 lakh units as against 4.63 lakh units in the year-ago period. Scooter sales rose by 19 percent to 4.18 lakh units from 3.50 lakh units, YoY.

    Its motorcycle sales grew by 11 percent, registering 5.14 Lakh units in the quarter ended June 2024 as against 4.63 lakh units in quarter ended June 2023. Scooter sales for the quarter ended June 2024 grew by 19 percent at 4.18 lakh units as against 3.5 lakh units in the first quarter of 2023-24.

    Electric scooter sales for the quarter ended June 2024 is at 0.52 lakh units as against 0.39 lakh units in the quarter ended June 2023. Its three-wheeler sales, however, declined to 0.31 lakh units as against 0.35 lakh units, YoY.

    TVS Motor's shares closed 0.78 percent lower at Rs 2,474 apiece on the NSE.

    Moneycontrol News
    first published: Aug 6, 2024 01:52 pm

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