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.
TVS Growth
| Category | Q3 FY23 | Q3 FY22 | Growth |
| Revenue from operations | Rs 6,545 cr | Rs 5,706 cr | 15% |
| Ebitda | Rs 659 cr | Rs 568 cr | 16% |
| Ebitda margin | 10.1% | 10% | —- |
| Profit after tax | Rs 353 cr | Rs 288 cr | 22% |
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
| Category | Q3 FY23 | Q3 FY22 | Growth |
| Motorcycle | 434,000 units | 446,000 units | -3% |
| Scooter | 296,000 units | 256,000 units | 16% |
| Moped | 106,000 units | 133,000 units | -20% |
| Three-wheeler | 43,000 units | 44,000 units | -2 |
| Overall | 879,000 units | 879,000 units | —- |
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