Business Update8 May 2024, 10:39 pm
TVS Motor Company Posts Highest Ever Revenue and Profit in FY 2023-24 - Records 24% Growth in Q4 Operating EBITDA and 20% Increase in Annual Revenue
AI Summary
TVS Motor Company announced its audited financial results for the year ended 31st March 2024, reporting a revenue of Rs. 31,776 Crores, up 20% from the previous year, and a profit before tax (PBT) of Rs. 2,781 Crores, marking a 39% increase. Operating EBITDA for the quarter grew by 36% to Rs. 926 Crores. The company also reported a total sales volume of 10.63 Lakh units, up 22% year-on-year, with motorcycle and scooter sales growing by 32% and 16% respectively. Electric vehicles recorded a 15% growth in sales, and three-wheeler sales grew by 4%.
Key Highlights
- TVS Motor Company achieves all-time high revenue of Rs. 31,776 Crores, up 20% YoY
- PBT surges 39% to Rs. 2,781 Crores in FY 2023-24
- Q4 Operating EBITDA sees 36% growth at Rs. 926 Crores
- Total sales volume hits 10.63 Lakh units, up 22% YoY
- Motorcycle sales up 32% to 5.11 Lakh units, scooter sales up 16% to 3.96 Lakh units
- Electric vehicles post a 15% growth in sales, three-wheeler sales up 4%