TVS Motor Company has reported 26% growth in revenue at INR 8,245 crore for the quarter ended December 2023, up from INR 6,545 crore reported for the quarter ended December 2022.
The operating EBITDA (earnings before interest, tax, depreciation and amortisation) grew by 40% to INR 924 crore for the third quarter of 2023-24 from INR 659 crore in the third quarter of 2022-23. The operating EBITDA margin for the quarter is highest at 11.2% as against Operating EBITDA margin of 10.1% reported in the third quarter of 2022-23. The profit before tax (PBT) grew by 63% to INR 775 crore for the third quarter of 2023-24, up from INR 475 crore in the third quarter of 2022-23. PBT for the quarter includes INR 73 crore of other Income relating to gains realised from investments. The profit after tax (PAT) grew by 68% to INR 593 crore for the third quarter of 2023-24, up from INR 353 crore in the third quarter of 2022-23.
The company reported total two-wheeler sales at 10.63 lakh units in the current quarter as against 8.36 lakh units in the quarter ended December 2022. Two-wheeler exports registered 2.16 lakh units as against 2.07 lakh units in December 2022. Total three-wheelers registered sales of 0.38 lakh units in the quarter ended December 2023 as against 0.43 lakh units in the quarter ended December 2022. Electric vehicles registered sales of 0.48 lakh units in the quarter ended December 2023 as against 0.29 Lakh units during the quarter ended December 2022.
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