May 19, 2024

TVS Motor’s shares settled 0.8% greater on the BSE on Jan 24

TVS Motor clocked a standalone web revenue of Rs 593 crore within the quarter ending December 2023, which is 68 % greater as in comparison with Rs 352 crore within the year-ago interval, as per the monetary outcomes declared by the two-wheeler main on January 24.

The corporate’s income from operations throughout Q3FY24 got here in at Rs 8,245 crore, 26 % greater as in comparison with Rs 6,545 crore reported within the corresponding interval of the earlier fiscal.

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The earnings earlier than curiosity, taxes, depreciation and ammortisation (EBITDA) grew by 40 % on-year to Rs 924 crore, whereas, the EBITDA margin for the quarter stood at 11.2 % as towards 10.1 % within the year-ago interval.

TVS Motor’s whole two-wheeler gross sales through the October-December interval got here in at 10.63 lakh models, greater as towards 8.36 lakh models in the identical interval of the earlier fiscal yr.

Two-wheeler exports got here in at 2.16 lakh models as towards 2.07 lakh models in December 2022 quarter, it mentioned in a launch.

In the meantime, the sale of three-wheelers dropped to 38,000 models in Q3FY24, from 43,000 models within the year-ago interval.

The sale of electrical autos, nevertheless, elevated to 48,000 models within the third quarter, from 29,000 models in the identical interval final yr.

Within the buying and selling session on January 24, TVS Motor’s scrip settled at Rs 2,003.70 apiece on the BSE, greater by 0.83 % as towards the day gone by’s shut.

Story continues under Commercial

Story continues under Commercial