TVS Motor Q2 Results: Net profit up 32% at ₹537 crore, revenue rises 13% | Mint
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Business News/ Companies / Company Results/  TVS Motor Q2 Results: Net profit up 32% at 537 crore, revenue rises 13%
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TVS Motor Q2 Results: Net profit up 32% at ₹537 crore, revenue rises 13%

The firm's operating revenue increased by 13 percent at ₹8,145 crore in the September quarter of FY 2023-24, compared to ₹7,219 crore in Q2 of FY 2022-23.

(File) TVS Motors Company. Photo: Hemant Mishra/MintPremium
(File) TVS Motors Company. Photo: Hemant Mishra/Mint

TVS Motor Company on 30 October announced its quarterly reports for September 2023 and said its net profit grew 32 percent at 537 crore for Q2 FY2023-24, as against 408 crore during Q2 of of FY 2022-23.

Apart from this, the firm's operating revenue increased by 13 percent at 8,145 crore in the September quarter of FY 2023-24, compared to 7,219 crore in Q2 of last year, it said in a stock regulatory filing.

Among other things, the company’s operating EBITDA grew by 22 percent at 900 crore for the second quarter of FY2023-24 as against EBITDA of 737 crore in Q2 FY 2022-23. It added the EBITDA margin for the quarter stood at 11.0 percent as against the EBITDA margin of 10.2 percent, reported in the second quarter of 2022-23.

This is a breaking story, it will be updated shortly.

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Published: 30 Oct 2023, 05:36 PM IST
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