Mumbai: TVS Motor Company’s operating revenue grew by 26 per cent at Rs. 8,245 crores for the quarter ended December 2023 as against Rs 6,545 crores reported in the quarter ended December 2022.

The Company’s operating EBITDA grew by 40 per cent at Rs 924 crores for the third quarter of 2023-24 as against the EBITDA of Rs 659 crores in third quarter of 2022-23. The company’s operating EBITDA margin for the quarter is highest at 11.2 per cent as against the operating EBITDA margin of 10.1 per cent reported in the third quarter of 2022-23. The company’s profit before tax (PBT) grew by 63 per cent at Rs 775 crores for the third quarter of 2023-24 as against PBT of Rs 475 crores in third quarter of 2022-23. PBT for the quarter includes Rs 73 crores of other income relating to gains realised from investments. The company’s profit after tax (PAT) grew by 68 per cent at Rs 593 crores for the third quarter of 2023-24 as against PAT of Rs 353 crores in the third quarter of 2022-23.

The company reported total two-wheeler sales at 10.63 Lakh units in the current quarter as against 8.36 Lakh units in the quarter ended December 2022. Two-wheeler exports registered 2.16 Lakh units as against 2.07 Lakh units in December 2022. Total three-wheelers registered sales of 0.38 Lakh units in the quarter ended December 2023 as against 0.43 Lakh units in the quarter ended December 2022. Electric vehicles registered sales of 0.48 Lakh units in the quarter ended December 2023 as against 0.29 Lakh units during the quarter ended December 2022.

Cumulative nine months results

Operating revenue reported for the nine months ended December 2023 is Rs 23,608 crores as against Rs 19,773 crores reported for the nine months ended December 2022.

The Company’s PBT grew by 45 per cent at Rs 2,109 crores for the nine months ended December 2023 as against Rs 1,457 crores during nine months ended December 2022 surpassing the PBT of FY 2022-23 of Rs 2,003 crores. The Company’s PAT grew by 48 per cent at Rs. 1,598 crores for the nine months ended December 2023 as against Rs. 1,081 crores during nine months ended December 2022.

The Company’s two-wheeler sales including exports grew by 13 per cent registering 30.13 Lakh units in the nine months ended December 2023 as against 26.74 Lakh units registered in the nine months ended December 2022. Motorcycle sales grew by 10 per cent registering 14.79 Lakh units in the nine months ended December 2023 as against 13.45 Lakh units in nine months ended December 2022. Scooter sales for the nine months ended December 2023 grew by 18 per cent registering 11.74 Lakh units as against the sales of 9.94 Lakh units in the nine months ended December 2022. The company recorded two-wheeler exports of 6.52 Lakh units in the nine months ended December 2023 as against 7.54 Lakh units in the nine months ended December 2022. Total three-wheeler sales are at 1.16 Lakh units for the nine months ended December 2023 as against 1.40 Lakh units during nine months ended December 2022. Electric vehicles registered sales of 1.44 Lakh units for the nine months ended December 2023 as against 0.54 Lakh units during the nine months ended December 2022.