TVS Motors : Q3FY18 Result
TVS Motors reported its results for the quarter ended December 31, 2017 on Tuesday. Its standalone revenue for the quarter came in at Rs. 3,684.95 crore, registering 13.7 per cent yoy increase. EBITDA for the quarter rose by 31.3 per cent yoy to Rs. 286.79 crore with a corresponding margin expansion of 104 bps. EBITDA margin for the quarter stood at 7.8 per cent. While the PAT for the quarter came in at Rs. 154.35 crore, yoy increase of 16.3 per cent.
Looking at nine-month numbers, we see that revenue jumped by 14 per cent to reach Rs. 11,480.12 crore while EBITDA rose by 22 per cent to Rs. 848.54 crore. Furthermore, it has reported net profit of Rs. 496.98 crore, up 15 per cent yoy.
During Q3FY18, the overall two-wheeler sales of the company including exports grew by 13.8 per cent to 7.99 lakh units from 7.03 lakh units in Q3FY17. Motorcycles sales grew by 26.7 per cent to 3.14 lakh units in Q3FY18 from 2.48 lakh units in Q3FY17. Scooter sales increased to 2.69 lakh units in Q3FY18 from 2.21 lakh units in Q3FY17, registering a growth of 21.6per cent.
The company exported 1.40 lakh units of two and three wheelers in Q3FY18 as against 0.99 lakh units in Q3FY17, registering a growth of 42.4per cent. Three-wheeler sales of the company registered a growth of 67.7per cent to 26,968 units in Q3FY18 as against 16,081 units in Q3FY17.
TVS Motors is a leading two and three-wheeler manufacturer and is the flagship company of the TVS Group. On Tuesday, the stock of TVS Motors opened at Rs. 725 per share and touched an intra-day high and low of Rs. 734 and Rs. 694.60, respectively, on the BSE.