TVS Motor Company’s EBITDA increased from 7.7% to 8.0% in Q1 of FY 2019-20
TVS Motor Company’s overall two-wheeler sales including exports was 8.84 Lakh units during quarter ended June 2019 as against 8.93 Lakh units reported in the quarter ended June 2018 despite the Industry decline of 9.7%. Motorcycle sales grew by 7.8% to 4.17 Lakh units in the quarter ended June 2019 from 3.87 Lakh units registered in the quarter ended June 2018. Scooter sales of the Company for the quarter under review grew by 2.4% to 2.95 Lakh units from 2.88 Lakh units in the quarter ended June 2018.
The total export of the Company grew by 10% to 2.09 Lakh units during the quarter ended June 2019 from 1.90 Lakh units in the quarter ended June 2018.
Total three wheelers sales grew by 11.1% to 0.40 Lakh units in the quarter ended June 2019 from 0.36 Lakh units in the quarter ended June 2018.
TVS Motor Company reported a revenue growth of 7.2% for the first quarter of FY 2019-20. Total revenue grew to Rs. 4469.8 Crores in the first quarter of 2019-20 from Rs. 4171.0 Crores in the quarter ended June 2018.
EBITDA for the quarter ended June 2019 is Rs. 355.8 Crores compared to Rs. 321.2 Crores for the quarter ended June 2018, a growth of 10.8%. EBITDA for the quarter under review increased from 7.7% in Q1 of 2018-19 to 8.0%.
The Company’s Profit Before Tax (PBT) for the quarter ended June 2019 is Rs. 208.5 Crores as against Rs. 212.4 Crores. Profit After Tax (PAT) for quarter ended June 2019 is Rs. 142.3 Crores against Rs. 146.6 Crores reported for the quarter ended June 2018.
During the quarter, the company has published quarterly consolidated results as per SEBI’s listing regulations effective from 1st April 2019.
About TVS Motor Company We are a reputed two and three-wheeler manufacturer, and the flagship company of the USD 8.5 billion TVS Group. We believe in Championing Progress through Mobility. Rooted in our 100-year legacy of Trust, Value, Passion for Customers and Exactness, we take pride in making internationally aspirational products of the highest quality through innovative and sustainable processes. We endeavour to deliver the most superior customer experience at all our touch points across 60 countries. We are the only two-wheeler company to have received the prestigious Deming Prize. Our products lead in their respective categories in the JD Power IQS and APEAL surveys for the past four years. We have been ranked No. 1 Company in the JD Power Customer Service Satisfaction Survey for consecutive three years.