TVS Motor Company Limited Q2 Results 2023

Read this story to learn about Q2- highlights, performance, earnings, dividend updates, market performance, etc.,

Highlights of the Result

· TVS has reported a consolidated revenue of ₹319.7 Billion · Net profit for Q2 FY’24 stood at ₹536.55 Cr · Operating revenue grew by 13% YoY to ₹8,144.61 Cr

Performance Highlights

· The EBITDA margin for the period under review was 11% · Profit after tax (PAT) saw an increment of 32% YoY · EBITDA stood at ₹ 900 Cr, an increment of 22% YoY

Major Announcements

· The company introduced two new products in the current quarter – TVS X and TVS Apache RTR 310. · TVS Motor Company announced the launch of the TVS Racing Electric One Make Championship, the country’s first-ever EV (2-wheeler) racing championship.

Sales Uptick

· TVS saw a 5% increase in two and three-wheeler sales in Q2 FY24. · The total units sold during this quarter were 10.74 lakh, up from 10.27 lakh in Q2 FY23. · Motorcycle sales specifically grew by 3%. · TVS sold 4.93 lakh motorcycles in Q2 FY24, compared to 4.77 lakh units in Q2 FY23.