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TVS Motor Company’s EBITDA increases to 8.0 % in Q1
Business

TVS Motor Company’s EBITDA increases to 8.0 % in Q1

Agency News

Chennai, July 22 : TVS Motor Company’s overall two-wheeler sales including exports was 8.84 lakh units during quarter ended June 2019 as against 8.93 Lakh units reported in the corresponding quarter last year, despite the Industry decline of 9.7 per cent.

A company release said the motorcycle sales grew by 7.8 per cent to 4.17 Lakh units in the quarter from 3.87 lakh units. Scooter sales for the quarter under review grew by 2.4 per cent to 2.95 lakh units from 2.88 lakh units in the quarter ended June 2018.

The total exports grew by 10 per cent to 2.09 lakh units during the quarter from 1.90 lakh units. Total three wheelers sales grew by 11.1 per cent to 0.40 lakh units in the quarter ended compared to 0.36 lakh units in the quarter ended June 2018. The company reported a revenue growth of 7.2 per cent for the first quarter of FY 2019-20.

Total revenue grew to Rs 4,469.8 crores in the first quarter of 2019-20 from Rs 4,171 crores in the quarter ended June 2018. EBITDA for the quarter ended June 2019 is Rs 355.8 crore compared to Rs 321.2 crores for the quarter ended June 2018, a growth of 10.8 per cent.

EBITDA for the quarter under review increased from 7.7 per cent in Q1 of 2018-19 to 8.0 per cent. The Profit Before Tax (PBT) for the quarter ended was Rs 208.5 crores as against Rs 212.4 crores, while Profit After Tax (PAT) was Rs 142.3 crore as against Rs 146.6 crores reported for the quarter ended June 2018.

During the quarter, the company published quarterly consolidated results as per SEBI’s listing regulations effective from April one. (UNI)