TVS Motor Company Q4 Results: Net Profit up by 18%, Revenue Hits ₹8,169 Crore!

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Synopsis:

Q4FY24 for TVS Motor Company has proven to be fairly profitable for the company. FY24 revenue stood a ₹31,776 Crore and PBT at ₹2,781 Crore while EBITDA for Q4FY24 improved to 11.3%

5 Key Financial Highlights

TVS Motor Company’s fourth quarter has shown how profitable the company has grown this quarter and year. Here are the main financial highlights from the TVS Motor Company Q4 Results:

Explore: Tvs Motor Company Ltd Share Price

  • Revenue from operations at ₹8,169 Crore, up from ₹6,604.78 Crore in Q4FY23; growth of 24% 
  • Profit before Tax for Q4FY24 grew by 23% at ₹671.63 Crore up from ₹546.62 Crore in Q4FY23
  • Net Profit for Q4FY24 at ₹485.43 Crore up from ₹410.27 Crore in Q4FY23
  • Company’s Operating EBITDA grew by 36% at ₹926 Crores compared to ₹680 Crores during Q4 of last year
  • Operating EBITDA margin improved by 100bps at 11.3% as against 10.3% during Q4 of last year

Additional Read: Quarterly Results

Key Business Updates:

  • EV sales of the company registered 100% growth at 1.94 lakh units  
  • The company’s two-wheeler and three-wheeler sales grew by 22% at 10.63 Lakh units, including exports 
  • Scooter sales for Q4 grew by 16%, registering 3.96 Lakh units
  • EV sales grew by 15% with sales of 0.49 Lakh units
  • TVS Motor Company won the most awards in JD Power 2024 India 2-wheeler Initial Quality Study and APEALStudy  

Profitability Analysis:

TVS Motor Company's profitability surged in the fourth quarter of 2023-24, marked by an 11.3% Operating EBITDA, a notable improvement from the previous year's 10.3%. With an impressive ₹ 926 Crores in Operating EBITDA, up by 36%, and a 23% growth in Profit Before Tax (PBT) to ₹ 672 Crores, the company demonstrated strong operational efficiency despite a fair valuation loss of ₹ 47 crores. Full-year performance showcased a 20% revenue growth to ₹ 31,776 Crores, with PBT rising by 39% to ₹ 2,781 Crores, and Profit After Tax (PAT) reaching ₹ 2,083 Crores. TVS also achieved record sales of over 4 million units, notably in electric vehicles with a 101% surge, solidifying its position as a key player in the automotive industry, driven by sustained growth and profitability.

Additional ReadTata Power Q4 Results

Major Operational Metrics - Standalone Q4 (FY2023-24) Financial Results of TVS Motor Company (in ₹ Crore)


Metrics

For Quarter Ended

For Year Ended

Q4FY24

Q3FY24

Q4FY23

FY24

FY23

Revenue from Operations

8168.84  

8245.01  

6604.78  

31776.37 

26378.09  

Profit before Tax

671.63  

775.02  

546.62  

2,780.66  

2,003.37  

Profit for the period

485.43  

593.35  

410.27  

2,083.00  

1,491.03  

Total Comprehensive income for the period

473.16  

604.41  

394.88  

2,063.26  

1,463.35  

Major Operational Metrics - Consolidated Q4 (FY2023-24) Financial Results of TVS Motor Company (in ₹ Crore)


Metrics

For Quarter Ended

For Year Ended

Q4FY24

Q3FY24

Q4FY23

FY24

FY23

Revenue from Operations

10042.47

10113.94

8031.40

39144.74

31974

Profit before Tax

650.39

750.23

486.50

2703

1936.03

Profit for the period

411.53

509.61

335.67

1778.54

1309.46 

Total Comprehensive income for the period

372.65

540.26

314.41

1725.07

1368.74

The Future of TVS Motor Company

This quarter and FY24 saw many developments for TVS Motor Company. While it registered the highest-ever sale of 4.2 Mn units in this FY24, the company’s revenue also grew by 20% compared to last year. TVS Motor Company’s EBITDA also improved by 100bps at 11.1% as against EBITDA of 10.1% last year and its PAT also grew by 40% during the past year. The company also won the most awards in JD Power 2024 India 2-wheeler Initial Quality Study and APEALStudy  With all this in mind, TVS Motor Company’s growth curve looks like it's headed in the right direction.

Additional ReadHero MotoCorp Q4 Results

Conclusion

With the results of Q4FY24 out, one can see the profitable growth TVS Motor Company has had in this quarter as well as in FY24. With revenue of ₹31,776 Crore and PBT at ₹2,781 Crore while EBITDA for Q4FY24 improved to 11.3%, and the growth the company has seen in its product sales, FY25 might just be another year that the company reels in more profits.

Additional Read: Bharat Forge Q4 Results

About the Company:

It was in 1911 that TVS was founded by T V Sundaram Iyengar. TVS, at that time, was a company under the Southern Roadways that managed a large fleet of buses and trucks. From here on started the journey of TVS. In 1962, Sundaram Clayton, which would manufacture various automotive parts, was founded in collaboration with Clayton Dewandre Holdings in the UK. While the company grew, it also entered into a collaboration with Suzuki, but after just a year, the collaboration ended and the company was renamed as TVS in 2001. From then to now, TVS Motor Company has achieved many milestones.

Results for the Fourth Quarter Ended March 31, 2024

Additional Read: Navin Fluorine Q4 Results

Sources: 

  1. https://www.bseindia.com
    /xml-data/corpfiling/AttachLive/c3133d7c-bf77-4a3d-9a0c-14fbf6d33a2b.pdf
  2. https://www.bseindia.com
    /xml-data/corpfiling/AttachLive/a1c13e46-5e95-4e89-9db7-0fa5f41e6b1a.pdf

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Frequently Asked Questions

What was the revenue that TVS Motor Company has been able to make in Q4?

Answer Field

For the fourth quarter, TVS Motor Company saw revenue of ₹8168.8 Crore, up from ₹6604.78 Crore in Q4FY23 and the FY24 as a whole had a revenue of ₹31776.37 Crore up from ₹26378 Crore YoY.

What are some of the main business updates for TVS Motor Company?

Answer Field

Even with TVS Motor Company’s numbers coming in and showing the profitable quarter and year the company had, the company also saw other business updates. Here are some of them:

  • EV sales of the company registered 100% growth at 1.94 lakh units  

  • The company’s two-wheeler and three-wheeler sales grew by 22% at 10.63 Lakh units, including exports 

  • Scooter sales for Q4 grew by 16%, registering 3.96 Lakh units

  • EV sales grew by 15% with sales of 0.49 Lakh units

  • TVS Motor Company won the most awards in JD Power 2024 India 2-wheeler Initial Quality Study and APEALStudy

What was the EBITDA for the company in Q4?

Answer Field

The company saw an operating EBITDA of ₹926 Crores for Q4FY23 up by 36% ₹680 Crore in Q4FY23.

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