TVS Motor Company’s operating revenue grew by 13 per cent at Rs 8,145 crore for the quarter ended September 2023 as against Rs 7,219 crore reported in the quarter ended September 2022.
The Company’s Operating EBITDA grew by 22 per cent at Rs 900 crore for the second quarter of 2023-24 as against EBITDA of Rs 737 crore in the second quarter of 2022-23. The Company’s EBITDA margin for the quarter is at 11.0 per cent as against the EBITDA margin of 10.2 per cent reported in the second quarter of 2022-23.
The Company’s Profit Before Tax grew by 32 per cent at Rs 724 Crores (includes other income of Rs 37.5 crore towards fair valuation of the current investments) for the second quarter of 2023-24 as against PBT of Rs 549 crore in the second quarter of 2022-23.
The overall two-wheeler and three-wheeler sales including exports grew by 5 per cent registering 10.74 lakh units in the quarter ended September 2023 as against 10.27 Lakh units registered in the quarter ended September 2022.
Motorcycle sales grew by 3 per cent registering 4.93 lakh units in the quarter ended September 2023 as against 4.77 lakh units in the quarter ended September 2022. Scooter sales for the quarter ended September 2023 grew by 10 per cent registering 4.20 lakh units as against the sales of 3.83 lakh units in the second quarter of 2022-23.
