TVS Motor Company has reported its highest-ever quarterly operating revenue, achieving Rs. 9,228 Crores in the quarter ended September 2024, reflecting a 13% increase compared to Rs. 8,145 Crores during the same period last year. Operating EBITDA also hit a record at Rs. 1,080 Crores, growing by 20% year-over-year and improving the EBITDA margin to 11.7%.
The company’s Profit Before Tax (PBT) surged 24% to Rs. 897 Crores, up from Rs. 724 Crores in Q2 of 2023. This growth reflects fair valuation gains and an increase in vehicle sales volume, with two-wheeler and three-wheeler sales growing 14% to a record 12.28 Lakh units. Motorcycle and scooter segments experienced a 14% and 17% rise in sales, respectively. Export sales for two-wheelers rose 16%, and electric vehicle (EV) sales reached 0.75 Lakh units, marking a 31% increase over the previous year.
For the half-year ending September 2024, TVS reported a 15% rise in total revenue to Rs. 17,604 Crores, alongside a 26% jump in PBT to Rs. 1,680 Crores. Notably, PAT grew by 23% to Rs. 1,240 Crores.
In the quarter under review, TVS also introduced the new TVS Jupiter 110, which has seen strong customer demand due to its innovative design and first-in-segment features.
TVS Motor Company, known for its commitment to sustainable mobility, operates globally and has won the prestigious Deming Prize.
