TVS Motor Company Q1FY22 Result: PAT at Rs 53 cr versus Rs 139 cr loss in Q1FY21; revenues up 174% on strong international business - KEY HIGHLIGHTS here
TVS Motor Company Q1FY22 Result - Indian two-wheeler manufacturer TVS Motor Company recorded its highest ever quarterly revenue in international business as the overall two-wheeler and three-wheeler sales including exports registered 6.58 Lakh units in the quarter ended June 2021, the company said in its exchange filing
TVS Motor Company Q1FY22 Result – Indian two-wheeler manufacturer TVS Motor Company recorded its highest ever quarterly revenue in international business as the overall two-wheeler and three-wheeler sales including exports registered 6.58 Lakh units in the quarter ended June 2021, the company said in its exchange filing. This was against 2.67 lakh units registered in the quarter ended June 2020, it further said.
The company reported Profit After Tax (PAT) of Rs 53 cr in Q1FY22 as against loss of Rs 139 cr during Q1FY21.
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During the quarter, TVS Motor Company incurred Rs 30 cr towards COVID-19 related expenses as an exceptional item. During the current quarter.
The revenue stood at Rs 3,934 cr for the reporting quarter versus Rs 1,432 cr in Q1FY21.
See key highlights here:
TVS Motor Company achieved Profit Before Tax (PBT) of Rs 102 cr “in a challenging quarter impacted by second wave of COVID-19,” the company said.
The Company reported EBITDA of Rs 274 cr for the first quarter of 2021-22 as against negative EBITDA of Rs 49 cr in Q1FY21
EBITDA margin for the quarter stood at 7 per cent as against negative margin of 3.4 per cent reported in Q1FY21.
The reduction in Revenue and EBITDA from the preceding quarter is mainly on account of lockdowns in key markets. With the gradual opening of markets, the Company is optimistic about the domestic & international demand coming back to normalcy.
Sales highlights:
- The Motorcycle sales registered 4.05 Lakh units in the quarter ended June 2021 as against 1.19 Lakh units in quarter ended June 2020.
- Scooter sales for the quarter ended June 2021 is 1.40 Lakh units against the sales of 0.82 Lakh units in the first quarter of 2020-21.
- The Company recorded highest two-wheeler exports in this quarter at 2.90 Lakh units as against 0.70 Lakh units in the quarter ended June 2020.
- Three-wheeler sales for the quarter under review is 0.39 Lakh units as against 0.12 Lakh units during first quarter of 2020-21.
TVS Motor shares were down over 2 per cent on the NSE on Thursday and ended at Rs 563.50.
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