TVS Motor Q2 results: Revenue grows by 6%; EBITDA increases to 9.3% in Q2
During last year, the Company had reported a one-time exceptional gain of Rs. 76 Crores resulting in PBT after exceptional item of Rs. 519 Crores. During the half-year ended September 2020 Company reported Profit After Tax of Rs. 57 Crores.
Chennai (Tamil Nadu): TVS Motor Company reported a revenue of Rs. 4,617 Crores in the second quarter of 2020-21 as against Rs 4,353 crores in the second quarter of 2019-20 registering a growth of 6 per cent.
Company’s PBT before exceptional items has grown by 14 per cent at Rs 267 Crores during this quarter as against Rs 234 Crores during the quarter ended September 2019. In second quarter of last year, the Company had reported a one-time exceptional gain of Rs 76 Crores resulting in PBT after exceptional item of Rs 310 Crores. During the quarter, Company reported Profit After Tax (PAT) of Rs 196 Crores.
Despite COVID-19 challenges, the Company strengthened its supply chain during second quarter of 2020-21. The production and sales improved consistently from July 2020 onwards. In the month of July 2020, the total two-wheeler sales was 2.44 Lakh numbers, it improved to 2.77 Lakh numbers in the month of August 2020 and in September 2020 sales further improved to 3.13 Lakh numbers. In the month of September 2020 sales grew by 4.2 per cent.
Total two-wheeler sales of 8.34 Lakh for the quarter was almost in line with last year second quarter number of 8.42 lakh. Two-wheeler export sales grew by 7.8 per cent compared to Q2 of last year. Motorcycles registered sales of 3.66 lakh units in the quarter ended September 2020 as against sales of 3.42 lakh units registered in the quarter ended September 2019.
Scooter sales of the Company for the quarter registered sales of 2.70 lakh units as against sales of 3.33 lakh units in the quarter ended September 2019. Total three-wheelers registered sales of 0.33 lakh units in the quarter ended September 2020 as against sales of 0.43 lakh units in the quarter ended September 2019.
Half-year results
Half-yearly numbers are not true reflection of the demand since Q1 of 2020-21 got severely impacted due to COVID lockdown.
The total two-wheeler sales of the Company for the half-year ended September 2020 is 10.90 Lakh units as against 17.26 lakh units recorded in the half-year ended September 2019. The total three-wheeler sales for the half-year ended September 2020 is 0.45 lakh units as against 0.83 lakh units registered in the half-year ended September 2019.
The total export of two and three-wheelers for the half-year ended September 2020 is 2.96 lakh units as against 4.20 lakh units in the half-year ended September 2019.
Total revenue in the half-year ended September 2020 is Rs 6,051 crores against Rs 8,823 crores in the half-year ended September 2019.PBT before exceptional items for the half-year ended September 2020 is Rs 78 crores as against Rs 443 Crores in the half-year ended September 2019.
During last year, the Company had reported a one-time exceptional gain of Rs. 76 Crores resulting in PBT after exceptional item of Rs. 519 Crores. During the half-year ended September 2020 Company reported Profit After Tax of Rs. 57 Crores.
We are a reputed two and three-wheeler manufacturer and the flagship company of the USD 8.5 billion TVS Group. We believe in Championing Progress through Mobility. Rooted in our 100-year legacy of Trust, Value, Passion for Customers and Exactness, we take pride in making internationally aspirational products of the highest quality through innovative and sustainable processes.
We endeavour to deliver the most superior customer experience at all our touch points across 60 countries. We are the only two-wheeler company to have received the prestigious Deming Prize. Our products lead in their respective categories in the JD Power IQS and APEAL surveys for the past five years. We have been ranked No. 1 Company in the JD Power Customer Service Satisfaction Survey for consecutive four years.