TVS Motor Company on Thursday reported a 4.8% decline in its revenue after tax (PAT) at Rs 275 crore for the fourth quarter of FY’22 as in opposition to Rs 289 crore within the corresponding quarter of final fiscal.The firm’s income from operations in This autumn grew by 4% to Rs 5,530 crore as in opposition to Rs 5,322 crore.
Operating EBITDA for the fourth quarter elevated to 10.1% whereas the corporate reported an working EBITDA of Rs 557 crore, recording a progress of 4% as in opposition to Rs 536 crore.The total two-wheeler and three-wheeler gross sales together with exports had been at 8.56 lakh items within the quarter ended March 2022 as in opposition to 9.27 lakh items registered within the quarter ended March 2021.Motorcycle gross sales registered a progress of two% at 4.42 lakh items as in opposition to 4.31 lakh items.
Scooter gross sales registered 2.62 lakh items in opposition to the gross sales of two.98 lakh items. Three-wheeler gross sales had been at 0.42 lakh items as in opposition to 0.41 lakh items.During the monetary yr 2021-22, TVS Motor’s income from operations grew by 24% at Rs 20,791 crore as in opposition to Rs. 16,751 crore recorded in 2020-21.
Operating EBITDA for the yr was increased at 9.4% in comparison with 8.5% within the earlier yr.The PBT earlier than distinctive gadgets grew by 50% at Rs. 1,243 crores as in comparison with Rs 826 crore reported throughout earlier yr.
During the yr, the corporate incurred Rs 30 crore in direction of COVID-19 associated bills.The highest turnover and PBT of the corporate in a monetary yr was achieved beneath very difficult situation of COVID-19 wave 2 & 3, semiconductor scarcity, container availability constraints and steep will increase within the commodity value, TVS Motor stated in an announcement.
PAT for the yr ended March 2022 was at Rs 894 crore as in comparison with Rs 612crore.In the worldwide enterprise entrance, two-wheeler gross sales clocked 1.09 million items in FY 2021-22.
The firm has achieved this important milestone for the primary time in a monetary yr, it stated.During FY’22, the general two and three-wheeler gross sales of the corporate, together with worldwide enterprise grew by 8% at 33.
10 lakh items as in opposition to 30.52 Lakh items within the yr 2020-21. Motorcycles gross sales throughout grew by 29% at 17.32 lakh items as in opposition to 13.41 lakh items.
Scooter gross sales registered 9.23 lakh items ias in opposition to 9.61 lakh items. Three-wheeler gross sales grew by 39% at 1.72 lakh items as in opposition to 1.24 lakh items. Its whole gross sales in worldwide markets recorded a progress of 43% growing from 8.79 lakh items to 12.53 lakh items.
Source: www.financialexpress.com”