TVS Motor Company reported a 22 percent growth in its consolidated profit at Rs 335.67 crore for the quarter ended March (Q4 FY23).
The company reported a consolidated profit of Rs 274.67 crore in the same period the previous year. Its operating revenue increased by 23 percent year over year to Rs 8,098.54 crore from Rs 6,598.75 crore in Q4FY23.
During FY23, revenue from operations grew by 27 percent at Rs 26,378 crore as against Rs 20,791 crore recorded in FY22. Operating EBITDA for the year is higher at 10.1 percent compared to 9.4 percent in the previous year. The PBT before exceptional items for year ended March 2023 is higher at Rs 2,003 crore as compared to Rs 1,243 crore reported during the previous year. PAT for the year ended March 2023 was at Rs 1,491 crore as compared to Rs 894 crore reported during the year ended March 2022.
For the full year, the overall two and three-wheeler sales of TVS Motor Company, grew by 11 percent at 36.82 lakh units as against 33.10 lakh units in the year 2021-22. Motorcycles sales during the fiscal year recorded 17.33 lakh units as against 17.32 lakh units in the year ended March 2022.
Scooter sales during the fiscal year grew by 45 percent at 13.34 lakh units as against 9.23 Lakh units in the year ended March 2022. Electric vehicles registered sales of 0.97 Lakh units in the year 2022-23 as against 0.11 lakh units during 2021-22. Cumulatively, TVS Motor has more than 1 lakh delighted EV customers.
Three-wheeler sales for the fiscal year stood at 1.69 Lakh units in the year ended March 2023 as against 1.72 lakh units in the year ended March 2022.