TVS Motor profit jumps 46% to 468 cr in Q1
The two-wheeler maker expects its EV sales to surpass 25,000 units in August despite the reduction in FAME-II subsidies. It expects EV contribution margins to keep improving with higher top-line growth
Trending stock TVS: How the stock is expected behave tomorrow, check details here
TVS Motor likely to open higher tomorrow on strong Q1FY24 results, but gains may be limited by stretched valuation. Positive market sentiment could boost stock. Trading near 50 dma, currently valued at 15x FY24E earnings. Strong growth prospects and dividend payout support valuation.
TVS MOTOR COMPANY LTD. - 532343 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Compliance under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 TVS MOTOR COMPANY LTD. - 532343 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press release on unaudited financial results for the quarter ended 30th June 2023 Q1FY24 Quarterly Result Announced for TVS Motor Company Ltd.
2/3 Wheelers company TVS Motor Company announced Q1FY24 results: During Q1FY24, company’s operating revenue grew by 20% at Rs 7,218 crore as against Rs 6,009 crore during Q1FY23. During Q1FY24, company registered the highest-ever operating EBITDA of Rs 764 crore at 27% growth, as against EBITDA of Rs 599 crore during Q1FY23. Company’s operating EBITDA margin is at 10.6% as against 10% during Q1FY23. The company posted its highest-ever profit before tax (PBT) of Rs 610 crore, recording a growth of 41% during Q1FY24 as against Rs 432 crore in Q1FY23. PBT for Q1FY24 includes Rs 55.6 crore towards profit on the sale of investments. Profit after tax (PAT) grew by 46% at Rs 468 crore, as against Rs 321 crore during Q1FY23 The overall two-wheeler and three-wheeler sales, including exports, grew by 5%, registering sales of 9.53 lakh units in Q1FY24, as against 9.07 lakh units registered in Q1FY23. Motorcycle sales grew by 7%, registering 4.63 lakh units in Q1FY24 as against 4.34 lakh units in Q1FY23. Scooter sales for Q1FY24 grew by 11% at 3.50 lakh units, as against 3.15 lakh units in Q1FY23. Three-wheeler sales for Q1FY24 under review are at 0.35 lakh units, as against 0.46 lakh units during Q1FY23. Electric scooter sales for Q1FY24 are at 39,000 units, as against 9,000 units in Q1FY23. The booking for TVS iQube continues to be healthy. Result PDF TVS MOTOR COMPANY LTD. - 532343 - Board Meeting Outcome for Unaudited Standalone And Consolidated Financial Results For The Quarter Ended 30Th June 2023 (Limited Reviewed)
Unaudited Standalone and Consolidated financial results for the quarter ended 30th June 2023 (limited reviewed) TVS MOTOR COMPANY LTD. - 532343 - Unaudited Standalone And Consolidated Financial Results For The Quarter Ended 30Th June 2023
Unaudited standalone and Consolidated financial results for the quarter ended 30th June 2023
TVS Motors Q1FY24 earnings preview: Sales and margin are expected to grow
TVS Motor is expected to announce strong Q1 results, driven by robust sales and margin expansion. Risks include economic slowdown, rising raw material costs, and competition. Domestic and export sales are predicted to increase, fueled by new products and cost savings. TVS MOTOR COMPANY LTD. - 532343 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Compliance under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 TVS MOTOR COMPANY LTD. - 532343 - AGM Updates- Intimation Of One-Way Live Webcast Of The Proceedings Of 31St Annual General Meeting.
AGM updates - Intimation of One-Way Live Webcast of the proceedings of 31st Annual General Meeting.