Finance

TVS Motor Company's Operating EBITDA Increases to 10.1%; Revenue Grows by 53%; Records Highest Ever Profit in a Quarter


TVS Motor Firm Income from Operations grew by 53% at Rs. 5,322 Crores for the quarter beneath overview towards Rs. 3,481 Crores reported within the fourth quarter of 2019-20.

Throughout This fall 2020-21, two-wheeler gross sales in home market have grown by 41% and worldwide markets by 74% forward of trade development of 24% and 33% respectively. Within the month of March 2021, Firm for the primary time crossed 1 Lakh items milestone for two-wheelers in Worldwide Enterprise.

Working EBITDA for the quarter is at 10.1% towards 7.0% reported in fourth quarter of 2019-20. Firm reported highest ever Working EBITDA of Rs. 536 Crores for the fourth quarter recording a development of 119% as towards Rs. 245 Crores in fourth quarter of 2019-20. Firm additionally reported Revenue Earlier than Tax (PBT) of Rs. 387 Crores within the fourth quarter of 2020-21 recording a development of 331% as towards Rs. 90 Crores within the fourth quarter of 2019-20. In the course of the present quarter, Firm reported Revenue After Tax (PAT) of Rs. 289 Crores recording a development of 292% as towards Rs. 74 Crores within the fourth quarter of 2019-20.

Full Yr Efficiency

In the course of the monetary yr 2020-21, Income from Operations grew by 2% from Rs. 16,423 Crores to Rs. 16,751 Crores regardless of COVID-19 associated lockdown throughout the Q1 of 2020-21.

Working EBITDA for the yr is larger at 8.5% in comparison with 8.2% of final yr regardless of nation lockdown throughout the Q1 of 2020-21. The Firm has been delivering improved EBITDA sequentially from Q2 onwards.

The PBT for yr ended March 2021 grew by 10% at Rs. 826 Crores as in comparison with Rs. 754 Crores reported throughout earlier yr. PAT for the yr ended March 2021 was at Rs. 612 Crores as in comparison with Rs. 592 Crores reported throughout the yr ended March 2020.

In the course of the yr, centered working capital administration and improved working efficiency helped the Firm to generate free money movement of Rs. 1,887 Crores. These proceeds are used to scale back the debt. Lean inventory with the sellers additionally helped to unleash the blocked working capital throughout the provision chain.

Gross sales This fall 2020-21
The general two-wheeler and three-wheeler gross sales together with exports registered a development of 47% at 9.28 Lakh items within the quarter ended March 2021 as towards 6.33 Lakh items registered within the quarter ended March 2020. Motorbike gross sales registered a development of 54% at 4.31 Lakh items within the quarter ended March 2021 as towards 2.80 Lakh items in quarter March 2020. Scooter gross sales for the quarter ended March 2021 registered a development of 78% at 2.98 Lakh items towards the gross sales of 1.67 Lakh items within the fourth quarter of 2019-2020.

The Firm’s whole export of two-wheelers and three-wheelers registered a development of 58% at 3.22 Lakh items within the quarter beneath overview as towards 2.04 Lakh items within the quarter ended March 2020. Three-wheeler gross sales for the quarter beneath overview is 0.41 Lakh items as towards 0.43 Lakh items throughout fourth quarter of 2019-20.

Gross sales FY 2020-21

In the course of the yr ended March 2021, the general two and three-wheeler gross sales of TVS Motor Firm, together with exports was 30.52 Lakh items as towards 32.63 Lakh items within the yr 2019-20. Bikes gross sales throughout the fiscal yr is 13.42 Lakh items as towards 13.64 Lakh items within the yr ended March 2020. Scooter gross sales registered 9.61 Lakh items within the yr ended March 2021 as towards 10.75 Lakh items within the yr ended March 2020. Three-wheeler gross sales is at 1.24 Lakh items within the yr ended March 2021 as towards 1.74 Lakh items within the yr ended March 2020.

The whole export of the Firm recorded a development of 5% growing from 8.41 Lakh items within the yr ended March 2020 to eight.79 Lakh items within the yr ended March 2021.

Interim Dividends

The Board of Administrators of the Firm at their assembly held on March 24, 2021 declared the second interim dividend of Rs. 1.40 per Share (140%) for the yr 2020-21. The whole dividend paid for the yr ended March 2021 aggregated to Rs. 3.50 per share (350%) on 475,087,114 fairness shares of Re. 1/- every absorbing a sum of Rs. 166.28 Crores.

About TVS Motor Firm
We’re a reputed two and three-wheeler producer and the flagship firm of the USD 8.5 billion TVS Group. We imagine in Championing Progress via Mobility. Rooted in our 100-year legacy of Belief, Worth, Ardour for Prospects and Exactness, we take delight in making internationally aspirational merchandise of the best high quality via revolutionary and sustainable processes. We endeavour to ship probably the most superior buyer expertise in any respect our contact factors throughout 60 nations. We’re the one two-wheeler firm to have obtained the celebrated Deming Prize. Our merchandise lead of their respective classes within the JD Energy IQS and APEAL surveys for the previous 5 years. We now have been ranked No. 1 Firm within the JD Energy Buyer Service Satisfaction Survey for consecutive 4 years.

For extra data, please go to www.tvsmotor.com.


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