HomeIndustry NewsTVS Motor Q2 Results 2024 Update; Net Loss, Revenue And Share Price...

TVS Motor Q2 Results 2024 Update; Net Loss, Revenue And Share Price | TVS Q2 profit up 45% to ₹560 crore: Revenue up 14% to ₹11,302 crore; The company sold 12.30 lakh vehicles in July-September.


Mumbai6 minutes ago

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Automobile company TVS Motors has made a net profit (consolidated net profit) of Rs 560.49 crore in the second quarter of the financial year 2024-25. There has been an increase of 45.07% on annual basis. In the same quarter a year ago, the company had made a profit of Rs 386.34 crore.

TVS Motors' consolidated operating revenue in the July-September quarter increased by 13.78% year-on-year to Rs 11,301.68 crore. The company's revenue in the same quarter a year ago was Rs 9,932.82 crore. The amount received from selling goods and services is called revenue.

Total income increased by 14% to Rs 11,334 crore

Talking about total income in the second quarter, TVS Motors has earned Rs 11333.99 crore. It has increased by 13.52% on annual basis. In the same quarter of the financial year 2023-24, the company had earned a total of Rs 9,983.75 crore.

TVS Motors' profit increased by 45% in July-September

on an annual basis

TVS Motors FY25 (July-September) FY24 (July-September) Change (%)
operational revenue ₹11,302 ₹9,933 13.78%
other income ₹32.31 ₹50.93 -36.55%
total income ₹11,334 ₹9,984 13.52%
total expense ₹10,428 ₹9,297 12.16%
net profit ₹560 ₹386 45.07%

on quarterly basis

TVS Motors FY25 (July-September) FY25 (April-June) Change (%)
operational revenue ₹11,302 ₹10,407 8.60%
other income ₹32.31 ₹40.77 -20.75%
total income ₹11,334 ₹10,448 8.48%
total expense ₹10,428 ₹9,691 7.60%
net profit ₹560 ₹461 21.61%

Note – Figures in crores of rupees…(Data is consolidated.)

TVS sold 12.30 lakh vehicles in the second quarter

TVS Motors has sold a total of 12.30 lakh vehicles in the second quarter of the current financial year (Q2FY25). The company's sales have increased by 14% on an annual basis. Apart from this, electric vehicle sales have increased by 31% on annual basis and it has reached 75,000 units. Total sales of TVS Motors in the financial year 2023-24 were 41.91 lakh vehicles.

TVS Motors shares rose 45% this year

After the results, TVS Motors shares fell 3.18% to close at Rs 2,577 today (Friday, October 23). The company's shares have given negative returns of 3.87% in the last 5 days and 9.39% in one month.

At the same time, it has increased by 31.99% in the last 6 months and by 62.62% in one year. TVS Motors shares have given a return of 27.68% this year i.e. from January 1, 2024 till now. The market-cap of the company is Rs 1.22 lakh crore.

After the quarterly results, TVS Motors shares fell 3.18% to close at Rs 2,577 today (Friday, October 23).

After the quarterly results, TVS Motors shares fell 3.18% to close at Rs 2,577 today (Friday, October 23).

TVS started with bus service in 1911

TVS is a multinational bike manufacturing company. It is India's third largest motorcycle company in terms of revenue. The company's average annual sales are more than Rs 30 lakh.

However, its manufacturing capacity is more than 40 lakh two-wheelers. TVS is also India's second largest exporter. The company sells its cars in more than 60 countries.

TVS founder T.V. Sundaram Iyengar started with Madurai's first bus service in 1911 and established a company named TVS in the transportation business, which had a large fleet of trucks and buses under the name Southern Roadways.

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