TVS Motor Q4 muted on supply side headwinds

The impact of the three Covid-19 waves along with semiconductor shortage, container availability constraints and steep increases in the commodity cost continue to be key challenges.

Autocar Pro News Desk By Autocar Pro News Desk calendar 06 May 2022 Views icon3828 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
TVS Motor Q4 muted on supply side headwinds

TVS Motor’s Q4FY22 net profit declined 5 percent to Rs 275 crore from Rs 289 crore in Q4FY21. The company reported Operating EBITDA of Rs 557 crores for the fourth quarter, up 4 percent as against Rs 536 crores in Q4FY21.

For FY22, the company’s revenue from operations grew by 24 percent at Rs 20,791 crores as against Rs 16,751 crores in FY21. PAT for the full year came in at Rs 894 crores from Rs 612 crores in FY21, up well over 40 percent.

In fact, TVS Motor registered the highest ever turnover and profit during FY22 clocked sales of 1 million two-wheelers in the international market, a significant milestone.

That said, the impact of the three Covid-19 waves along with semiconductor shortage, container availability constraints and steep increases in the commodity cost continue to be key challenges for the company. 

The company’s total sales in international markets recorded a growth of 43% increasing to 12.53 lakh units in FY22from 879,000 units in FY21.

In a move that cheered the shareholders, the company’s Board declared an interim dividend of Rs 3.75 per share for FY22. 

RELATED ARTICLES
VinFast to break ground on Tamil Nadu EV plant on February 25

auther Autocar Pro News Desk calendar23 Feb 2024

The groundbreaking ceremony of the EV manufacturing plant in Thoothukudi will take place just over a month after the ann...

DICV eyes growing demand for tippers in Madhya Pradesh, opens 17th BharatBenz dealership

auther Autocar Pro News Desk calendar22 Feb 2024

The new PPS Trucking BharatBenz dealership in Indore is the 17th BharatBenz sales and service facility in Madhya Pradesh...

JCBL Marrel Tipper deploys solar panel-rooftop at Chennai plant

auther Autocar Pro News Desk calendar20 Feb 2024

On completion, the solar rooftop project, which has a capacity at 1500 KW, will produce 7,500 units of electricity daily...