TVS Motors reports net profit of Rs. 211 crore

Automaker TVS Motors posted revenue of Rs. 4,994 crore for Q2FY19, registering an increase of almost 22 per cent from the corresponding quarter last year. 

EBITDA for the period registered a growth of almost 18.1 per cent yoy to Rs. 428.2 crore. EBITDA margin for the quarter stood at 8.6 per cent. 

Net profit of the company in Q2FY19 muted to Rs. 211.31 crore as compared to Rs. 213.16 crore in the same quarter of last fiscal. This was due to a sharp decline in other income to Rs. 0.74 crore from Rs. 33.27 crore in Q2FY18. 

In this quarter, the company’s aggregate two-wheeler sales including exports rose by almost 13.6 per cent to 10.49 Lakh units from 9.23 Lakh units in the quarter ended September 2017. On the other hand, overall three-wheelers sales during the period increased by 57.4 per cent yoy to 0.40 Lakh units.

The company's board of directors have declared an interim dividend of Rs. 2.10 per equity share of Re. 1 on Tuesday.

Meanwhile, after reporting this quarterly numbers, the stock of TVS Motors spiked and touched an intra-day high of Rs. 538.7 apiece. At 14.23 hours, the stock was trading at Rs. 531.5 apiece, up by almost 2.9 per cent from its previous close.