TVS Motor Company profit grows in Q2 of FY 2019-20 vis-à-vis Q2 of FY 2018-19
The EBIDTA for Q2 FY 2019-20 is higher than that of Q2 of FY 2018-19.
The reason for the higher profit is the reversal of an NCCD provision for the Himachal plant.
TVS Motor Company has reported a higher EBIDTA and PBT for Q2 FY 2019-20 as compared to the corresponding Q2 of FY 2018-19.
Comparative performance of TVS Motor Company for Q2 of FY 2019-20 and Q2 of FY 2018-19
EBIDTA for the quarter ended September 2019 has improved to 8.8% as against 8.6% reported in the corresponding quarter in FY 2018-19 and 8.0% in Q1 of FY 2019-20.
The Profit Before Tax for September 2019 is Rs 310.3 crores, an improvement over the Rs 306.2 Crores reported for Q2 of FY 2018-19.
The reason for the increase in the profit is the reversal of NCCD provision for the Himachal Plant under a favorable CESTAT order.
The Profit after Tax for Q2 FY 2019-20 is Rs 255 Crores as compared to Rs 211.3 Crores for the corresponding period last year.
The half-yearly results are as follows-