TVS Motor's Q3 net profit soars 68% YoY to Rs 593 crore
In the quarter ending December 2023, TVS Motor reported a standalone net profit of Rs 593 crore, marking a 68% increase from Rs 352 crore in the same period last year, according to the financial results released by the two-wheeler giant on January 24.
In the quarter ending December 2023, TVS Motor reported a standalone net profit of Rs 593 crore, marking a 68% increase from Rs 352 crore in the same period last year, according to the financial results released by the two-wheeler giant on January 24.
The company's revenue from operations for Q3FY24 totaled Rs 8,245 crore, reflecting a 26% rise compared to Rs 6,545 crore in the corresponding period of the previous fiscal year.
EBITDA surged by 40% year-on-year to Rs 924 crore, with the EBITDA margin for the quarter at 11.2% compared to 10.1% in the same period last year.
TVS Motor's total two-wheeler sales between October and December reached 10.63 lakh units, up from 8.36 lakh units in the same period of the previous fiscal year.
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