TVS Motor Company Reports Highest Ever Revenue, EBITDA and Profit in Quarter
Chennai, India – TVS Motor Company, a reputed two and three-wheeler manufacturer globally, announced its highest-ever operating revenue of INR 5,706 crore in the third quarter of 2021-22, compared to INR 5,391 crore in the third quarter ended December 2020. During the quarter, its operating EBITDA margin was 10 percent, up from 9.5 percent in the third quarter ended December 2020. The company recorded its highest-ever operating EBITDA of INR 568 crore during this quarter, compared to INR 511 crore reported in the quarter ended December 2020. In addition, the company posted its highest-ever PBT of INR 391 crore during the quarter under review, compared to INR 362 crore reported in the quarter ending December 2020. Profit After Tax (PAT) for the quarter ended December 2021 increased by 9 percent to INR 288 crore, up from INR 266 crore in the previous quarter.
The company sold 8.35 lakh two-wheelers in the current quarter, compared to 9.52 lakh units in the previous quarter ended December 2020. When compared to the third quarter of the previous fiscal year, two-wheeler export sales increased by 12 percent. Motorcycles registered sales of 4.46 lakh units versus 4.26 lakh units, and Scooters registered sales of 2.56 lakh units versus 3.11 lakh units in the quarter ended December 2020. Total three-wheeler sales increased by 17 percent to 0.44 lakh units in the quarter ended December 2021, compared to 0.38 lakh units in the quarter ended December 2020.
The company’s total two-wheeler sales, including exports, were 23.23 lakh units in the nine months ended December 2021, compared to 20.42 lakh units in the same period last year. Total three-wheeler sales increased by 57 percent to 1.30 lakh units in the nine months ending December 2021, up from 0.83 lakh units in the same period last year. The company’s overall exports increased by 68 percent, with sales of 9.38 lakh units in the nine months ended December 2021, up from 5.57 lakh units in the nine months ended December 2020.
Operating revenue for the nine months ending December 2021 was INR 15,260 crore, compared to INR 11,429 crores for the same period in 2020. The company’s Profit Before Tax (PBT) before exceptional items is INR 871 crore for the nine months ended December 2021, compared to INR 439 crores for the same period last year. The company expended INR 30 crore in COVID-19-related expenses during the period, which is indicated as an exceptional item. Profit After Tax (PAT) for the nine months ended December 2021 is INR 619 crores, compared to INR 323 crore reported for the same period in 2020.
Image Source: Magic Wand Media
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