Table of Content
TVS Motor Quarterly Performance FY2024:
1. Operating Revenue:
TVS Motor Company’s operating revenue surged by 26% to Rs. 8,245 Crores in the quarter ending December 2023, compared to Rs. 6,545 Crores in the same period of 2022.
2. Operating EBITDA:
- Operating EBITDA witnessed a robust growth of 40%, reaching Rs. 924 Crores in the third quarter of 2023-24, up from Rs. 659 Crores in the third quarter of 2022-23.
- The Operating EBITDA margin for the quarter achieved a significant increase, reaching 11.2%, surpassing the 10.1% reported in the third quarter of 2022-23.
Additional Read: Q3 Results Dashboard
3. Profitability:
- Profit Before Tax (PBT) saw a remarkable growth of 63%, reaching Rs. 775 Crores in the third quarter of 2023-24, compared to Rs. 475 Crores in the third quarter of 2022-23.
- Profit After Tax (PAT) exhibited a substantial increase of 68%, reaching Rs. 593 Crores in the third quarter of 2023-24, compared to Rs. 353 Crores in the third quarter of 2022-23.
4. Sales Volume:
- Total two-wheeler sales in the current quarter reached 10.63 Lakh units, showing a growth from 8.36 Lakh units in the quarter ended December 2022.
- Two-wheeler exports amounted to 2.16 Lakh units, surpassing the 2.07 Lakh units reported in December 2022.
- Total three-wheeler sales were 0.38 Lakh units in the quarter ended December 2023, compared to 0.43 Lakh units in the same quarter of 2022.
- Electric vehicles recorded sales of 0.48 Lakh units in the quarter ended December 2023, an increase from 0.29 Lakh units in the quarter ended December 2022.
Nine-Month Cumulative Results:
1. Operating Revenue:
The operating revenue for the nine months ended December 2023 reported as Rs. 23,608 Crores, up from Rs. 19,773 Crores in the corresponding period of 2022.
2. Profitability:
- PBT for the nine months grew by 45% to Rs. 2,109 Crores, surpassing the PBT of FY 2022-23 at Rs. 2,003 Crores.
- PAT for the nine months increased by 48% to Rs. 1,598 Crores, compared to Rs. 1,081 Crores in the same period of 2022.
3. Sales Volume:
- Two-wheeler sales, including exports, registered a 13% growth, reaching 30.13 Lakh units in the nine months ended December 2023, up from 26.74 Lakh units in the corresponding period of 2022.
- Motorcycle sales grew by 10%, totaling 14.79 Lakh units, while scooter sales saw an 18% growth, reaching 11.74 Lakh units.
- Two-wheeler exports amounted to 6.52 Lakh units.
- Total three-wheeler sales were at 1.16 Lakh units, and electric vehicles recorded sales of 1.44 Lakh units for the nine months ended December 2023.
Sales – Q/E December 2023
| Q3 (2022 – 2023) | Particulars | Q3 (2023 – 2024) |
| 434 | Motorcycles | 523 |
| 296 | Scooters | 404 |
| 106 | Mopeds | 136 |
| 43 | Three-wheelers | 38 |
| 879 | Total | 1,101 |
Scooter includes 48,223 units of EV during Q3 2023-24 and 29,230 units during Q3 2022-23
Sales – YTD December 2023
| YTD Dec’22 | Particulars | YTD Dec’23 |
| 1,345 | Motorcycles | 1,479 |
| 994 | Scooters | 1,174 |
| 335 | Mopeds | 359 |
| 140 | Three-wheelers | 116 |
| 2,814 | Total | 3,128 |
Scooter includes 1,44,414 units of EV during YTD Dec’23 and 53,599 units during YTD Dec’22
Additional Check: TVS Motor Share Price
About TVS Motor Company
TVS Motor Company (BSE:532343 and NSE: TVSMOTOR) stands as a distinguished global manufacturer of two and three-wheelers, with cutting-edge production facilities in India and Indonesia. With a rich 100-year legacy, the company prioritises sustainable mobility, crafting high-quality products through innovative and eco-friendly processes. Recognized with the esteemed Deming Prize, TVS Motor takes pride in leading categories in J.D. Power IQS and APEAL surveys. Achieving top rank in the J.D. Power Customer Service Satisfaction Survey for four consecutive years, the company has earned a reputation for customer-centric excellence. As the sole two-wheeler company to be honoured with the Deming Prize, TVS Motor extends its influence globally, serving customers in 80 countries. Additionally, its subsidiary Norton Motorcycles in the UK stands as a highly emotive brand, while Swiss E-Mobility Group (SEMG) and EGO Movement lead in the e-bike market in Switzerland within the personal e-mobility sector.
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Sources: https://www.bseindia.com/xml-data/corpfiling/AttachLive/e5d0ea36-e0b9-44f5-aa25-aaf46d1baba4.pdf
