TVS Motor Company records PAT of Rs 321 crore in Q1 FY23

28 Jul 2022 , 05:03 PM

The company recorded operating revenue of Rs 6,009 crore for the quarter ended June 2022 as against Rs 3,934 crore reported in the quarter ended June 2021, up 52.7% YoY. EBITDA in Q1 FY23 was Rs 599 crore as compared with Rs 274 crore in Q1 FY22. EBITDA margin was 10% in Q1 FY23 as against 7% in Q1 FY22. The company reported profit before tax (PBT) of Rs 432 crore in the first quarter of 2022-23 as against of Rs 102 crore in the first quarter of 2021-22. ?The first quarter numbers are not strictly comparable with the first quarter of last year due to lockdowns,? TVS Motor Company said in a statement. The company recorded total sales of 9.07 lakh units in Q1 FY23 as compared with 6.58 lakh units sold in Q1 FY22, registering a YoY growth of 37.8%. TVS Motor Company is a reputed two and three-wheeler manufacturer globally. The company has four manufacturing facilities in Hosur, Mysuru and Nalagarh in India and Karawang in Indonesia. The scrip advanced 1.75% to end at Rs 864.15 on the BSE today. Powered by Capital Market – Live News