Independent profit for the quarter was Rs. 27.8 billion, compared to Rs. 19.6 billion for the corresponding quarter last year. Revenue increased 22% to Rs 5,619, up from Rs 4,605 last year.
Chennai-based automakers also said, “In spite of various challenges such as rising commodity costs, shortage of containers for international business, shortage of semiconductors, interest, taxes, depreciation and profit before amortization (EBITDA). Recorded a record high at 562 Chlore. “Read the press statement.
The EBITDA margin improved by 70 basis points to 10%. One basis point is 0.01 percent.
The company sold 916,705 vehicles during the quarter. This translates to a per unit realization of 61,300 rupees compared to 53,069 rupees in the year-ago quarter. This may be due to a 46% increase in motorcycle exports and a surge in car prices.
TVS Motor’s share price closed at Rs 576.55, down 0.44% at BSE on Thursday.
TVS Motor Q2 Revenue: TVS Motor Q2 Revenue increased 22% as the company recorded record quarterly revenue.
https://economictimes.indiatimes.com/markets/stocks/earnings/tvs-motor-q2-profit-improves-22-as-company-clocks-highest-ever-quarterly-revenue/articleshow/87189690.cms TVS Motor Q2 Revenue: TVS Motor Q2 Revenue increased 22% as the company recorded record quarterly revenue.