TVS posts impressive Q3 results, all you must know

TVS: On the strength of significant realisations after price increases adopted by the company, TVS Motor Company today reported an increase of 22% year-on-year (y-o-y) in standalone net profit at Rs 353 crore for the quarter ended December 2022.

In the December quarter, the company's operating revenue increased 15% year over year to Rs 6,545 crore. The operating margin was constant at 10.1%, despite Ebitda (earnings before interest, taxes, depreciation, and amortisation) rising 16% year over year to Rs 659 crore.

From Rs 64,945 in Q3 FY22 to Rs 74,429 in Q3 FY23, the average selling price (ASP) of TVS vehicles increased by 15%. At the end of Q2 FY23, it was Rs 70,264.

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TVS Growth

During the quarter, the company's total volumes was constant at 879,000 units. A total of 434,000 motorcycles were sold, followed by 296,000 scooters (including almost 29,000 electric vehicles), 106,000 mopeds, and 43,000 three-wheelers.

Sales

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