TVS Motor jumps close to 10% on strong Q2 earnings

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TVS Motor, TVS Motor shares, TVS Motor stock, TVS Motor share price, TVS Motor news, TVS Motor results

NEW DELHI: Shares of

TVS Motor

Company climbed to a high of 9.7 per per cent on Friday as the two-wheeler firm reported a 29.19 per cent on-year rise in consolidated net profit to Rs 234.37 crore in July-September.

The company, which reported second quarter earnings on Thursday, had posted a consolidated net profit of Rs 181.41 crore over the same period of the last financial year.

In July-September, the two-wheeler heavyweight posted its highest ever quarterly revenue at Rs 5,619 crore, registering an on-year growth of 22 per cent.

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The EBITDA (Earnings Before Interest Taxes Depreciation and Amortization) also touched a record high in July-September, jumping to Rs 562 crore versus Rs 430 crore a year ago.

Sales of two-wheelers were at 8.70 lakh units in July-September as against 8.34 lakh units a year ago, while two-wheeler exports showed a growth of 46 per cent on a year-on-year basis.

Of this, motorcycle sales were at 4.39 lakh units in July-September versus 3.66 lakh units a year ago. Volumes of scooter sales were however lower at 2.66 lakh units versus 2.70 lakh units a year ago. Three-wheeler sales stood at 47,000 units in July-September as against 33,000 units a year ago.

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