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TVS Motor Company Profit Grows in Q2 of FY 2019-20, Details Inside

TVS Motor Company Profit Grows in Q2 of FY 2019-20, Details Inside

Snapshot: A reversal of the NCCD provision for the Himachal plant following a favorable order from CESTAT causes TVS Motor Company to post a higher profit for Q2 in FY 2019-20.

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  • 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

Parameter

Q2 of FY 2019-20

Q2 of FY 2018-19

Comments

Two-wheeler sales including exports

8.42 lakhs

10.49 lakhs

Down by 19.73%

Motorcycle sales

3.42 lakhs

4.20 lakhs

Down by 18.57%

Scooter sales

3.33 lakhs

3.88 lakhs

Down by 14.17%

Three-wheeler sales 

0.43 lakhs

0.40 lakhs

Grew by 9%

Total Exports

2.11 lakhs

1.99 lakhs

Grew by 6%

Total Revenue

Rs 4352.70 Crores

Rs 4994.20 Crores

Down by 12.85%

 

  • 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-

Parameter

HY 2019-20

HY 2018-19

Comments

Two-wheeler sales

17.26 lakhs

19.41 lakhs

Down by 11.07%

Three-wheeler sales

0.83 lakhs

0.75 lakhs

Grew by 10.67%

Total exports

4.20 lakhs

3.90 lakhs

Grew by 7.69%

Revenue

Rs 8822.6 Crores

Rs 9165.2 Crores

Down by 3.08%

PBT

Rs 518.9 Crores

Rs 518.6 Crores

Grew by 0.06%

PAT

Rs 397.3 Crores

Rs 357.9 Crores

Grew by 11.01%

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