TVS Motor registers highest ever earnings, revenue in third quarter


TVS Motor Firm’s complete two-wheeler gross sales stood at 8.35 lakh models within the present quarter, as in opposition to 9.52 lakh models within the quarter ended December 2020.

By :
HT Auto Desk

,
Revised:
07 February 2022, 17:46 pm


File picture of TVS Apache RTR 165 RP motorbike is used for representational objective solely.

TVS Motor Firm has reported its highest ever working income and revenue for the third quarter ended December. The corporate recorded working income of 5,706 crore within the third quarter of FY 2021-22 5,391 crore income within the third quarter ended December 2020.

The 2-wheeler maker’s working EBITDA margin stood at 10% in the course of the quarter, as in comparison with 9.5% in the course of the third quarter ended December 2020 because it recorded its highest ever working EBITDA. 568 crores as in opposition to in the course of the quarter 511 crore reported for the quarter ended December 2020. TVS recorded highest ever profit-before-tax (PBT). 391 crore in the course of the quarter beneath assessment 362 crore within the quarter ended December of 2020.

(Additionally Learn | TVS Motor Firm gross sales drop to 266,788 models in January 2022)

Revenue After Tax (PAT) for the quarter ended December 2021 grew by 9% 288 crore in opposition to 266 crore reported within the quarter ended December 2020.

The corporate’s complete two-wheeler gross sales stood at 8.35 lakh models within the present quarter as in opposition to 9.52 lakh models within the quarter ended December 2020, whereas exports grew by 12% in comparison with the third quarter of the earlier fiscal. Whereas bikes registered gross sales of 4.46 lakh models as in opposition to 4.26 lakh models bought, scooters registered gross sales of two.56 lakh models as in opposition to 3.11 lakh models within the quarter ended December 2020.

(Additionally Learn | TVS targets electrical bicycle market, acquires Switzerland’s largest e-bike firm)

Complete three-wheeler gross sales grew by 17%, registering gross sales of 0.44 lakh models within the quarter ended December 2021, as in opposition to 0.38 lakh models within the quarter ended December 2020.

The corporate’s complete two wheeler gross sales together with exports stood at 23.23 lakh models in the course of the 9 months ended December 2021, as in opposition to 20.42 lakh models within the 9 months ended December 2020. Whereas complete three-wheeler gross sales elevated by 57% to 1.30 lakh. models within the first 9 months ended December 2021 from 0.83 lakh models within the 9 months ended December 2020.

TVS’s total exports in the course of the 9 months ended December 2021 grew by 68% registering gross sales of 9.38 lakh models as in comparison with 5.57 lakh models within the 9 months ended December 2020.

First revealed date: 07 February 2022, 17:46 PM IST



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