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TVS Motor records highest sales in FY2024
The Business Guardian
|May 12, 2024
Chennai based TVS Motor Company’s revenue from operations in the fourth quarter (Q4) ended March 2024, grew by 24 per cent at Rs 8,169 crore against Rs 6,605 crore in the quarter ended March 2023.
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The company posted highest ever operating EBITDA of Rs 926 crore for the fourth quarter with a growth of 36 per cent as against Rs 680 crore in the fourth quarter of 2022-23. The company’s profit before tax (PBT) grew by 23 per cent at Rs 672 crore in the fourth quarter of 2023-24 as against Rs. 547 crore in Q4 of 202223.
During the financial year 2023-24, revenue from operations grew by 20 per cent at Rs 31,776 crore as against Rs 26,378 crores recorded in 2022-23. The operating EBITDA for the year improved by 100bps at 11.1 per cent over the last year and the PBT for year ended March 2024 grew by 39 per cent at Rs. 2,781 crore as compared to Rs. 2,003 crore reported during previous year. The profit after tax for the year ended March 2024 is at
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