TVS Motor Achieves Highest EBITDA Margin of 11% During Q2

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  Profit After Tax crosses Rs. 1,000 Crs for the primary time in H1 FY 2023-24

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  Cummulative TVS iQube gross sales crosses 2 lakh items

TVS Motor Company’s working income grew by 13% at Rs. 8,145 Crores for the quarter ended September 2023 as in opposition to Rs. 7,219 Crores reported within the quarter ended September 2022.

The Company’s Operating EBITDA grew by 22% at Rs. 900 Crores for the second quarter of 2023-24 as in opposition to EBITDA of Rs. 737 Crores in second quarter of 2022-23. The Company’s EBITDA margin for the quarter is at 11.0% as in opposition to EBITDA margin of 10.2% reported within the second quarter of 2022-23.

The Company’s Profit Before Tax grew by 32% at Rs. 724 Crores (contains different revenue of Rs. 37.5 Crores in the direction of honest valuation of the present investments) for the second quarter of 2023-24 as in opposition to PBT of Rs. 549 Crores in second quarter of 2022-23.

Sales

The general two-wheeler and three-wheeler gross sales together with exports grew by 5% registering 10.74 Lakh items within the quarter ended September 2023 as in opposition to 10.27 Lakh items registered within the quarter ended September 2022. Motorcycle gross sales grew by 3% registering 4.93 Lakh items within the quarter ended September 2023 as in opposition to 4.77 Lakh items in quarter ended September 2022. Scooter gross sales for the quarter ended September 2023 grew by 10% registering 4.20 Lakh items as in opposition to the gross sales of 3.83 Lakh items within the second quarter of 2022-23. The Company recorded two-wheeler exports of 2.39 Lakh items within the quarter ended September 2023 as in opposition to 2.52 Lakh items within the quarter ended September 2022. Total three-wheeler gross sales for the quarter beneath evaluate was at 0.43 Lakh items as in opposition to 0.51 Lakh items throughout second quarter of 2022-23.

EV Sales

The Company’s cumulative TVS iQube gross sales surpassed 2 lakh items. During the quarter beneath evaluate, the Company offered 0.58 Lakh items as in opposition to 0.16 Lakh items throughout quarter ended September 2022.

Half-year outcomes

The whole two-wheeler gross sales of the Company for the half-year ended September 2023 grew by 6% registering 19.50 Lakh items as in opposition to 18.38 Lakh items recorded within the half-year ended September 2022. The whole three-wheeler gross sales for the half-year ended September 2023 is at 0.78 Lakh items as in opposition to 0.97 Lakh items registered within the half-year ended September 2022. The whole export of two and three-wheelers for the half-year ended September 2023 is at 5.04 Lakh items as in opposition to 6.36 Lakh items within the half-year ended September 2022.

Total income within the half-year ended September 2023 is at Rs. 15,362 Crores in opposition to Rs. 13,228 Crores within the half-year ended September 2022. PBT for the half-year ended September 2023 grew by 36% at Rs. 1,334 Crores (contains different revenue of Rs. 93.1 Crores in the direction of revenue on sale of investments and honest valuation of investments) as in opposition to Rs. 981 Crores within the half-year ended September 2022. During the half-year ended September 2023, the Company reported Profit After Tax of Rs. 1,004 Crores as in opposition to Rs. 728 Crores within the half-year ended September 2022.

New Product Launches

In the present quarter, TVS Motor Company launched two new merchandise: TVS X, the premium electrical crossover and TVS Apache RTR 310, the ‘New Freestyle Performance’ bike. The firm additionally introduced the launch of India’s first-ever electrical two-wheeler racing championship, TVS Racing Electric One Make Championship.

About TVS Motor Company

TVS Motor Company is a reputed two and three-wheeler producer globally, championing progress via Sustainable Mobility with 4 state-of-the-art manufacturing amenities in Hosur, Mysuru and Nalagarh in India and Karawang in Indonesia. Rooted in our 100-year legacy of Trust, Value, and Passion for Customers and Exactness, we take delight in making internationally aspirational merchandise of the best high quality via progressive and sustainable processes. We are the one two-wheeler firm to have obtained the celebrated Deming Prize. Our merchandise lead of their respective classes within the J.D. Power IQS and APEAL surveys. We have been ranked No. 1 Company in /the J.D. Power Customer Service Satisfaction Survey for consecutive 4 years. Our group firm Norton Motorcycles, primarily based within the United Kingdom, is one of probably the most emotive bike manufacturers on the earth. Our subsidiaries within the private e-mobility house, Swiss E-Mobility Group (SEMG) and EGO Movement have a number one place within the e-bike market in Switzerland. TVS Motor Company endeavours to ship probably the most superior buyer expertise throughout 80 nations during which we function.

For extra info, please go towww.tvsmotor.com.