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

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