Chennai
TVS Motor Company saw a revenue of Rs 39.34 billion compared to Rs. 14.32 billion in Q1, last year and the highest ever quarterly revenue in International Business amidst the 2nd wave of COVID-19.
The company reported operating revenue of Rs. 3,934 Crores for the quarter ended June and an 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 is mainly for lockdowns in key markets.
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 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. 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.
TVS Motor Company is a reputed two and three-wheeler manufacturer, and the flagship company of the $ 8.5 billion TVS Group.
Image Source: Google Images
Source: TVS Press Release
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