TVS Motor Company's net profit jumps 68% to Rs 593 crore in December quarter

TVS Motor Company's profit after tax for the third quarter of FY24 was at Rs 593 crore, a 68% jump versus the Rs 353 crore PAT the company saw in the quarter last year, on a YoY basis.  

The company's operating revenue grew by 26% at Rs 8,245 crore for the quarter ended December 2023 as against Rs 6,545 crore reported in the quarter ended December 2022.

It reported total two-wheeler sales at 10.63 Lakh units in the current quarter as against 8.36 Lakh units in the quarter ended December 2022. Two-wheeler exports registered 2.16 Lakh units as against 2.07 Lakh units in December 2022.

Total three-wheelers registered sales of 0.38 Lakh units in the quarter ended December 2023 as against 0.43 Lakh units in the quarter ended December 2022. Electric vehicles registered sales of 0.48 Lakh units in the quarter ended December 2023 as against 0.29 Lakh units during the quarter ended December 2022.