TVS Motor continues strong growth momentum
06-Aug-2024 03:57 PM 6832
Chennai, Aug 6 (Reporter) TVS Motor Company’s Revenue from Operations in the quarter ended June 2024 is higher at Rs. 8,376 Crores, grew by 16% as against Rs. 7,218 Crores in the quarter ended June 2023. The Company posted its highest ever Operating EBITDA of Rs. 960 Crores with a growth of 26% for the first quarter of 2024-25 as against Rs. 764 Crores in first quarter of 2023-24. The operating EBITDA margin significantly improved by 90bps at 11.5% as against 10.6% in the quarter ended June 2023. The Company posted its highest ever Profit Before Tax (PBT) of Rs. 783 Crores recording a growth of 28% for the first quarter of 2024-25 as against Rs. 610 Crores in the first quarter of 2023-24. PBT for the quarter includes notional gain of Rs. 28 Crores towards fair valuation of investments held by the Company. The Profit After Tax (PAT) grew by 23% at Rs. 577 Crores as against Rs. 468 Crores during first quarter of 2023-24. The overall two-wheeler and three-wheeler sales including exports grew by 14% 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, a company release here on Tuesday said. Motorcycle sales grew by 11% registering 5.14 Lakh units as against 4.63 Lakh units, Scooter sales grew by 19% at 4.18 Lakh units as against 3.50 Lakh units and Three-wheeler sales for the quarter under review is at 0.31 Lakh units as against 0.35 Lakh units during 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...////...
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