TVS Motor Company’s Revenue at Rs. 3,934 Crores in Q1 FY22
Chennai, Tamil Nadu, India: TVS Motor Company reported operating revenue of Rs. 3,934 Crores for the quarter ended June 2021 as against Rs. 1,432 Crores reported in the quarter ended June 2020.
TVS Motor Company
The Company reported EBITDA of Rs. 274 Crores for the first quarter of 2021-22 as against negative EBITDA of Rs. 49 Crores in first quarter of 2020-21. Company’s EBITDA margin for the quarter is at 7.0% as against negative margin of 3.4% reported in first quarter of 2020-21. The reduction in Revenue & 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.
The Company reported Profit Before Tax (PBT) before exceptional items of Rs. 102 Crores in the first quarter of 2021-22 as against loss of Rs. 190 Crores in the first quarter of 2020-21. During the quarter, Company incurred Rs. 30 Crores towards COVID-19 related expenses and the same is shown as an exceptional item. During the current quarter, the Company reported Profit After Tax (PAT) of Rs. 53 Crores as against loss of Rs. 139 Crores during first quarter of 2020-21.
The overall two-wheeler and three-wheeler sales including exports registered 6.58 Lakh units in the quarter ended June 2021 as against 2.67 Lakh units registered in the quarter ended June 2020. 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.
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 five years. We have been ranked No. 1 Company in the JD Power Customer Service Satisfaction Survey for consecutive four years.