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.
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.
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