TVS Motor EV Sales Grew By 101% In FY24: MD Sudarshan Venu
New Delhi, May 9 (PTI) TVS Motor Company expects electric vehicles to account for 25-30 per cent of its total two-wheeler sales in the next two to three years, according to Managing Director Sudarshan Venu.
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 - Audio Recording of Analyst Call Q4FY24 Quarterly & FY24 Annual Result Announced for TVS Motor Company Ltd.
Automobiles manufacturer company TVS Motor Company announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Revenue from operations: Rs 8,169 crore; grew by 24% compared to Q4FY23 Rs 6,605 crore. Operating EBITDA: 11.3%; increased from 10.3% in Q4FY23. Highest ever Operating EBITDA: Rs 926 crore; grew by 36% compared to Q4FY23 Rs 680 crore. Profit Before Tax (PBT): Rs 672 crore; grew by 23% compared to Q4FY23 Rs 547 crore. PBT includes fair valuation loss of Rs 47 crore, whereas there was a gain of Rs 62 crore during the fourth quarter of last year. Overall two-wheeler and three-wheeler sales including exports grew by 22% to 10.63 Lakh units in the quarter ended March 2024 compared to 8.68 Lakh units in the quarter ended March 2023. Motorcycle sales grew by 32% to 5.11 Lakh units in Q4FY24 compared to 3.89 Lakh units in Q4FY23. Scooter sales grew by 16% to 3.96 Lakh units in Q4FY24 compared to 3.40 Lakh units in Q4FY23. Electric vehicles grew by 15% to 0.49 Lakh units in Q4FY24 compared to 0.43 Lakh units in Q4FY23. Three-wheeler sales grew by 4% to 0.30 Lakh units in Q4FY24 compared to 0.29 Lakh units in Q4FY23. FY24 Financial Highlights: Revenue from operations: Rs 31,776 crore; grew by 20% compared to FY23's Rs 26,378 crore. Operating EBITDA: Improved by 100bps to 11.1%. PBT: Rs 2,781 crore; grew by 39% compared to FY23 Rs 2,003 crore. Profit After Tax (PAT): Rs 2,083 crore; compared to FY23 Rs 1,491 crore. Overall two and three-wheeler sales grew by 14% to 41.91 Lakh units in FY24 compared to 36.82 Lakh units in FY23. Motorcycle sales grew by 15% to 19.90 Lakh units in FY24 compared to 17.33 Lakh units in FY23. Scooter sales grew by 18% to 15.70 Lakh units in FY24 compared to 13.34 Lakh units in FY23. Electric vehicles grew by 101% to 1.94 Lakh units in FY24 compared to 0.97 Lakh units in FY23. Three-wheeler sales decreased to 1.46 Lakh units in FY24 compared to 1.69 Lakh units in FY23. Result PDF TVS MOTOR COMPANY LTD. - 532343 - Annual General Meeting To Be Held On 6Th August 2024
Annual General Meeting to be held on 6th August 2024 TVS MOTOR COMPANY LTD. - 532343 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release on Audited Financial Results for the year ended 31st March 2024 TVS MOTOR COMPANY LTD. - 532343 - Audited Standalone & Consolidated Financial Results For The Quarter & Year Ended 31St March 2024
Audited Standalone & Consolidated Financial Results for the Quarter and Year ended 31st March 2024 TVS MOTOR COMPANY LTD. - 532343 - Board Meeting Outcome for Outcome Of Board Meeting Held On 8Th May 2024
Outcome of Board Meeting held on 8th May 2024 TVS Motor posts 25% increase in sales in April over corresponding period last year
Sales of total two-wheelers made in April this year went up by 27% to 3,74,592 units TVS MOTOR COMPANY LTD. - 532343 - Announcement under Regulation 30 (LODR)-Monthly Business Updates
Sales update for the month of April 2024 TVS MOTOR COMPANY LTD. - 532343 - Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1Name of CompanyTVS MOTOR COMPANY LTD. 2CIN NO.L35921TN1992PLC022845 3 Outstanding borrowing of company as on 31st March / 31st December, as applicable (in Rs cr) 1513.43 4Highest Credit Rating during the previous FY AA+ 4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)CARE RATINGS LIMITED 5Name of Stock Exchange# in which the fine shall be paid, in case of shortfall in the required borrowing under the frameworkBSE We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. YES Name of the Company Secretary: K S SRINIVASAN Designation: COMPANY SECRETARY EmailId: [email protected] Name of the Chief Financial Officer: K GOPALA DESIKAN Designation: CHIEF FINANCIAL OFFICER EmailId: [email protected] Date: 30/04/2024 Note: In terms para of 3.2(ii) of the circular, beginning F.Y 2022, in the event of shortfall in the mandatory borrowing through debt securities, a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore, an entity identified as LC shall provide, in its initial disclosure for a financial year, the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.