TVS Motor Company Q1 Results: Net profit up 23% to Rs 577 crore
Revenue from operations rose 16% in Q1 FY25, to Rs 8,375.59 crore.
TVS Motor Company, the two and three-wheeler manufacturer, reported growth in its June quarter net profit. The firm's standalone net profit in the first quarter of this financial year rose 23.4% to Rs 577.32 crore from Rs 467.67 crore in the year-ago quarter.
Revenue from operations rose 16% in Q1 FY25, to Rs 8,375.59 crore.
The overall two-wheeler and three-wheeler sales including exports grew by 14% registering sales of 10.87 lakh units in the quarter ended June 2024, versus 9.53 lakh units registered in the quarter-ended June 2023.
The company's operating profit or earnings before interest, tax, depreciation and amortization (EBITDA) in Q1FY25 rose 25.6% to Rs 960.1 crore from Rs 764 crore.
During the quarter ended June 2024, the company’s motorcycle sales grew by 11% to 5.14 lakh units as against 4.63 lakh units in the year-ago period. Scooter sales rose by 19% to 4.18 lakh units from 3.50 lakh units, year on year.
RELATED ARTICLES
Ministry of Heavy Industries Launches Automotive Mission Plan 2047
Sub-Committees formed under AMP 2047 to drive collaborative efforts among ministries, industry bodies, and academia for ...
Cooper-Sinfonia Alliance Plans Off-Grid EV Charging Solutions for Rural India
The collaboration has launched a new LPG-powered genset under the ‘Daimon’ brand, and plans to develop affordable EV cha...
Youdha Launches EPOD in L5 EV Segment, Aims for ₹1,000 Crore Revenue by 2030
The new electric three-wheeler is priced at ₹2.79 lakh and is aimed at urban and semi-urban markets, with manufacturing ...