TVS Motor Company posts highest ever operating revenue of Rs. 9,228 Crores registering a growth of 13% for the quarter ended September 2024 as against Rs. 8,145 Crores reported in the quarter ended September 2023.
The Company posted its highest ever Operating EBITDA of Rs. 1,080 Crores registering a growth of 20% for the quarter ended September 2024 as against EBITDA of Rs. 900 Crores in the second quarter of 2023-24.
The company’s operating EBITDA margin significantly improved by 70bps at 11.7% as against 11.0% in the quarter ended September 2023.
The Company’s Profit Before Tax (PBT) grew by 24% at Rs. 897 Crores for the second quarter of 2024-25 as against PBT of Rs. 724 Crores in the second quarter of 2023-24. PBT for the quarter includes a fair valuation gain of Rs. 23 Crores as against Rs. 38 Crores during Q2 of last year.
The overall two-wheeler and three-wheeler sales including exports grew by 14% registering the highest ever quarterly sales of 12.28 Lakh units in the quarter ended September 2024 as against 10.74 Lakh units registered in the quarter ended September 2023.
Motorcycle sales grew by 14% registering 5.60 Lakh units in the quarter ended September 2024 as against 4.93 Lakh units in the quarter ended September 2023. Scooter sales for the quarter ended September 2024 grew by 17% registering 4.90 Lakh units as against the sales of 4.20 Lakh units in the second quarter of 2023-24.
The two-wheeler exports grew by 16% registering 2.78 Lakh units in the quarter ended September 2024 as against 2.39 Lakh units in the quarter ended September 2023. Total three-wheeler sales for the quarter under review were at 0.38 Lakh units as against 0.43 Lakh units during the second quarter of 2023-24.
During the quarter under review, the Company’s EV sales grew by 31% registering the highest ever quarterly sales of 0.75 Lakh units in the quarter ended September 2024 as against 0.58 Lakh units during the quarter ended September 2023.
Half-year results: The total two-wheeler sales of the Company for the half-year ended September 2024 grew by 15% registering 22.47 Lakh units as against 19.50 Lakh units recorded in the half-year ended September 2023. The total three-wheeler sales for the half-year ended September 2024 is at 0.69 Lakh units as against 0.78 Lakh units registered in the half-year ended September 2023. The total export of two and three-wheelers for the half-year ended September 2024 grew by 11% at 5.62 Lakh units as against 5.04 Lakh units in the half-year ended September 2023.
Total revenue in the half-year ended September 2024 grew by 15% at Rs. 17,604 Crores against Rs. 15,363 Crores in the half-year ended September 2023. PBT for the half-year ended September 2024 grew by 26% at Rs. 1,680 Crores as against Rs. 1,334 Crores in the half-year ended September 2023. During the half-year ended September 2024, PAT grew by 23% at Rs. 1,240 Crores as against Rs. 1,004 Crores in the half-year ended September 2023.
During the quarter ended September 2024, the Company launched the all-new TVS Jupiter 110 with Unparalleled Design, Performance, Comfort, and Convenience. It comes with many First and/or best-in-segment features. The all-new TVS Jupiter 110 is receiving a very good response from customers.