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27 Years
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Automobiles manufacturer company TVS Motor Company announced Q4FY24 & FY24 results:
Q4FY24 Financial Highlights:
- Revenue from operations: Rs 8,169 crore; grew by 24% compared to Q4FY23 Rs 6,605 crore.
- Operating EBITDA: 11.3%; increased from 10.3% in Q4FY23.
- Highest ever Operating EBITDA: Rs 926 crore; grew by 36% compared to Q4FY23 Rs 680 crore.
- Profit Before Tax (PBT): Rs 672 crore; grew by 23% compared to Q4FY23 Rs 547 crore.
- PBT includes fair valuation loss of Rs 47 crore, whereas there was a gain of Rs 62 crore during the fourth quarter of last year.
- Overall two-wheeler and three-wheeler sales including exports grew by 22% to 10.63 Lakh units in the quarter ended March 2024 compared to 8.68 Lakh units in the quarter ended March 2023.
- Motorcycle sales grew by 32% to 5.11 Lakh units in Q4FY24 compared to 3.89 Lakh units in Q4FY23.
- Scooter sales grew by 16% to 3.96 Lakh units in Q4FY24 compared to 3.40 Lakh units in Q4FY23.
- Electric vehicles grew by 15% to 0.49 Lakh units in Q4FY24 compared to 0.43 Lakh units in Q4FY23.
- Three-wheeler sales grew by 4% to 0.30 Lakh units in Q4FY24 compared to 0.29 Lakh units in Q4FY23.
FY24 Financial Highlights:
- Revenue from operations: Rs 31,776 crore; grew by 20% compared to FY23's Rs 26,378 crore.
- Operating EBITDA: Improved by 100bps to 11.1%.
- PBT: Rs 2,781 crore; grew by 39% compared to FY23 Rs 2,003 crore.
- Profit After Tax (PAT): Rs 2,083 crore; compared to FY23 Rs 1,491 crore.
- Overall two and three-wheeler sales grew by 14% to 41.91 Lakh units in FY24 compared to 36.82 Lakh units in FY23.
- Motorcycle sales grew by 15% to 19.90 Lakh units in FY24 compared to 17.33 Lakh units in FY23.
- Scooter sales grew by 18% to 15.70 Lakh units in FY24 compared to 13.34 Lakh units in FY23.
- Electric vehicles grew by 101% to 1.94 Lakh units in FY24 compared to 0.97 Lakh units in FY23.
- Three-wheeler sales decreased to 1.46 Lakh units in FY24 compared to 1.69 Lakh units in FY23.
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