TVS Records Highest Ever Revenue In Third Quarter Of 2021

TVS Motor Company reported the highest-ever operating revenue of Rs. 5,706 Crores in the third quarter of 2021-22 as against Rs. 5,391 Crores in the third quarter ended December 2020. The Company’s Operating EBITDA margin is at 10% during the quarter as against 9.5% during the third quarter ended December 2020.

The Company registered the highest ever Operating EBITDA of Rs. 568 Crores during this quarter as against Rs. 511 Crores reported in the quarter ended December 2020. The company also registered the highest ever PBT of Rs. 391 Crores during the quarter under review as against Rs. 362 Crores reported in the quarter ended December 2020. Profit After Tax (PAT) for the quarter ended December 2021 grew by 9% at Rs. 288 Crores against Rs. 266 Crores reported in the quarter ended December 2020.

The Company registered total two-wheeler sales of 8.35 Lakh units in the current quarter as against 9.52 Lakh units in the quarter ended December 2020. Two-wheeler export sales grew by 12% compared to Q3 of the last financial year. Motorcycles registered sales of 4.46 Lakh units as against sales of 4.26 Lakh units and Scooters registered sales of 2.56 Lakh units as against 3.11 Lakh units in the quarter ended December 2020. Total three-wheelers grew by 17% registering sales of 0.44 Lakh units in the quarter ended December 2021 as against sales of 0.38 Lakh units in the quarter ended December 2020.

The total two-wheeler sales of the Company including exports is 23.23 Lakh units during the nine months ended December 2021 as against 20.42 Lakh units in the nine months ended December 2020. Total three-wheeler sales grew by 57% to 1.30 Lakh units in the nine months ended December 2021 from 0.83 Lakh units in the nine months ended December 2020. The total export of the Company grew by 68% registering sales of 9.38 Lakh units during the nine months ended December 2021 from 5.57 Lakh units in the nine months ended December 2020.

Operating revenue reported for the nine months ended December 2021 is Rs. 15,260 Crores as against Rs. 11,429 Crores were reported for the nine months ended December 2020. The Company’s Profit Before Tax (PBT) before exceptional items for the nine months ended December 2021 is Rs. 871 Crores as against Rs. 439 Crores during nine months ended December 2020. During the period, the Company incurred Rs. 30 Crores towards COVID-19 related expenses, and the same is shown as an exceptional item. Profit After Tax (PAT) for the nine months ended December 2021 is Rs. 619 Crores against Rs. 323 Crores reported for the nine months ended December 2020.

TVS Motor Company registered sales of 266,788 units in January 2022 as against sales of 307,149 units in the month of January 2021. Total two-wheelers registered sales of 254,139 units in January 2022 as against sales of 294,596 units in January 2021. Domestic two-wheeler registered sales of 167,795 units in January 2022 as against sales of 205,216 units in January 2021.

Motorcycle sales registered 137,360 units in January 2022 as against 136,790 units in January 2021. Scooter sales of the Company registered 80,580 units in January 2022 as against sales of 98,319 units in January 2021. The production and sales of premium two-wheelers were severely affected due to the shortage of semiconductors. We are cautiously optimistic that this will improve in the coming months.

The Company’s total exports registered sales of 97,858 units in January 2022 as against sales of 100,926 units in the month of January 2021. Two-wheeler exports registered sales of 86,344 units in January 2022 as against sales of 89,380 units in January 2021. Three-wheeler of the Company registered sales of 12,649 units in January 2022 as against 12,553 units in January 2021.

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