TVS Motor's net profit in March quarter up y-o-y by 18%

9 May 2024 , 01:32 PM

TVS Motor Company’s shares surged over 6% to ₹2,123 following robust Q4 results driven by strong sales volumes, favorable product mix, improved pricing, and lower commodity costs.

At the time of writing, the stocks were trading at ₹2,123, marking a 2.07% gain from the previous close. The stock has shown a remarkable increase of 105.11% in the last year and 30.67% since the beginning of this year.

The company’s net profit for Q4 FY24 increased by 18% year-on-year to ₹485 Crore. TVS Motor’s revenue from operations in Q4 FY24 surged by 24% year-on-year to ₹8,169 Crore.

In Q4 FY24, TVS witnessed a 22% growth in overall two-wheeler and three-wheeler sales, including exports, totaling 10.63 lakh units compared to 8.68 lakh units in the same quarter of the previous year. Over the full fiscal year ending March 2024, overall sales experienced a 14% increase, reaching 41.91 lakh units.

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