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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).
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.