TVS Motor Company’s revenue from operations in the quarter ended March 2023 grew by 19 per cent year-on-year (YoY) at Rs 6,605 crore against Rs 5,530 crore in the quarter ended March 2022.
Operating EBITDA for the fourth quarter is higher at 10.3 per cent. The Company achieved record Operating EBITDA of Rs 680 crore for the fourth quarter with a growth of 22 per cent as against Rs 557 crore in Q4FY22.
The Company’s Profit Before Tax (PBT) grew by 47 per cent at Rs 547 crores in the Q4FY23, compared to Rs 373 crore in Q4FY22.
During the quarter under review, Profit After Tax (PAT) grew by 49 per cent at Rs 410 crore as against Rs 275 crore in Q4FY22.
The overall two-wheeler and three-wheeler sales including exports is at 8.68 lakh units in the quarter gone by as against 8.56 lakh units registered in the quarter ended March 2022. Motorcycle sales for Q4FY23 registered 3.89 lakh units as against 4.42 lakh units in quarter March 2022.
Scooter sales for the quarter ended March 2023 grew by 30 per cent registering 3.40 lakh units as against 2.62 Lakh units in the fourth quarter of 2021-2022.
Electric vehicles registered sales of 0.43 lakh units in the quarter ended March 2023 as against 0.06 lakh units during the quarter ended March 2022 and 0.29 Lakh units during quarter ended December 2022.
Three-wheeler sales for the quarter under review is 0.29 Lakh units as against 0.42 Lakh units in the fourth quarter of 2021-22.