TVS Motor Company Records its Highest Revenue, EBITDA And Profit In A Quarter

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In the third quarter of 2021-22, TVS Motor Company reported the highest-ever operating revenue of Rs. 5,706 crores, compared to Rs. 5,391 crores in the third quarter of 2020. During the quarter, the Company’s operating EBITDA margin was 10%, up from 9.5 percent in the third quarter ended December 2020. During this quarter, the Company posted the highest ever Operating EBITDA of Rs. 568 crores, compared to Rs. 511 crores in the quarter ending December 2020. In addition, the company posted its highest-ever PBT of Rs. 391 crores in the quarter under review, compared to Rs. 362 crores in the quarter ended December 2020. The profit after tax (PAT) for the quarter ended December 2021 increased by 9% to Rs. 288 crores, up from Rs. 266 crores in the previous quarter.

In the current quarter, the company sold 8.35 lakh two-wheelers, compared to 9.52 lakh in the previous quarter. Exports of two-wheelers increased by 12% in the third quarter of the previous fiscal year. Motorcycles sold 4.46 lakh units in the quarter ended December 2020, compared to 4.26 lakh units in the previous quarter, and scooters sold 2.56 lakh units compared to 3.11 lakh units. In the quarter ended December 2021, total three-wheeler sales increased by 17% to 0.44 lakh units, compared to 0.38 lakh units in the quarter ended December 2020.

Cumulative nine months results

The Company’s overall two-wheeler sales, including exports, were 23.23 lakh units in the nine months ended December 2021, compared to 20.42 lakh units in the same period last year. In the nine months ended December 2021, total three-wheeler sales increased by 57 percent to 1.30 lakh units, up from 0.83 lakh units in the nine months ended December 2020. The Company’s overall export increased by 68 percent to 9.38 lakh units in the nine months ending December 2021, up from 5.57 lakh units in the nine months ending December 2020.

Operating revenue for the nine months ending December 2021 was Rs. 15,260 crores, compared to Rs. 11,429 crores were recorded for the same period in 2020. For the nine months ended December 2021, the company’s profit before tax (PBT) before exceptional items was Rs. 871 crores, compared to Rs. 439 crores for the nine months ended December 2020. COVID-19-related expenses cost the company Rs. 30 crores throughout the period, which is presented as an extraordinary item. The profit after tax (PAT) for the nine months ended December 2021 was Rs. 619 crores, compared to Rs. 323 crores for the same period in 2020.

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