TVS Motor's Q1 FY2020 PAT at Rs 142 crore, down 3%

TVS Motor Company today reported its Q1 FY2020 financial results, which saw the company report Rs 4,469 crore after selling 884,000 two wheelers.

Autocar Pro News Desk By Autocar Pro News Desk calendar 22 Jul 2019 Views icon5459 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp

Chennai-based two- and three-wheeler major, TVS Motor Company today reported its Q1 FY2020 financial results, which saw the company report a revenue of Rs 4,469.8 crore (+7%), and PAT at Rs 142.3 crore (-3%), compared to Rs 146.6 crore reported last year.

In the first quarter the company sold 884,000 two-wheelers (including exports) as against 893,000 units reported last year, a fairly better result compared to the industry decline of 9.7 percent. The two-wheeler sales mainly came from its motorcycle portfolio (4.17 lakh units) which grew by 7.8 percent, while scooters (2.95 lakh units) grew by 2.4 percent.

EBITDA for the quarter ended June 2019 came at Rs 355.8 crore compared to Rs 321.2 crore for the quarter ended June 2018, a growth of 10.8 percent. The EBITDA for the quarter increased to 8 percent.

Also read: TVS Motor launches India’s first ethanol-powered bike

​TVS Motor Co sells 226,279 units in June, down 8 percent

RELATED ARTICLES
CNH Industrial inaugurates new cyber defence lab at its India Tech Centre

auther Autocar Pro News Desk calendar30 Sep 2023

The new laboratory employs certified ethical hackers, and forensics investigators to deal with malware, and phishing att...

Toyota Kirloskar Motor to double technical training student capacity to 1,200 from 2024

auther Autocar Pro News Desk calendar29 Sep 2023

The Japanese carmaker’s Indian technical training school is undergoing expansion to accommodate more students; it also p...

CNH Industrial announces winner of its Industrial Design Program at UPES Dehradun

auther Autocar Pro News Desk calendar27 Sep 2023

The 10-week program provided UPES students with practical knowledge and hands-on experience in the design and developmen...