Automobile company TVS Motors has reported a net profit (consolidated net profit) of Rs 560.49 crore in the second quarter of the financial year 2024-25. It has increased by 45.07% on an annual basis. A year ago in the same quarter, the company had a profit of Rs 386.34 crore.
In July-September, the consolidated operational revenue of TVS Motors increased by 13.78% year-on-year to Rs 11,301.68 crore. In the same quarter a year ago, the company’s revenue was Rs 9,932.82 crore. The amount received from selling goods and services is called revenue.
Total income increased by 14% to Rs 11,334 crore
Talking about the total income in the second quarter, TVS Motors has earned Rs 11333.99 crore. It has increased by 13.52% on an annual basis. In the same quarter of FY 2023-24, the company earned a total of Rs 9,983.75 crore.
TVS sold 12.30 lakh vehicles in the second quarter
TVS Motors has sold a total of 12.30 lakh vehicles in the second quarter of the current financial year (Q2FY25). The company’s sales have increased by 14% on an annual basis. Apart from this, electric vehicle sales have increased by 31% on an annual basis and have reached 75,000 units. In the financial year 2023-24, the total sales of were 41.91 lakh vehicles.
TVS Motors stock rose 45% this year
After the results, the stock closed 3.18% down at Rs 2,577 today (Friday, October 23). The company’s stock has given a negative return of 3.87% in the last 5 days and 9.39% in a month.
At the same time, it has climbed 31.99% in the last 6 months and 62.62% in a year. The stock has given a return of 27.68% this year i.e. from January 1, 2024, till now. The market cap of the company is Rs 1.22 lakh crore.
TVS started with bus service in 1911
TVS is a multinational bike manufacturing company. It is the third-largest motorcycle company in India in terms of revenue. The company’s average annual sale is more than 30 lakhs.
However, its manufacturing capacity is more than 40 lakh two-wheelers. It is also India’s second-largest exporter. The company sells its vehicles in more than 60 countries.
TVS founder T. V. Sundaram Iyengar started the first bus service in Madurai in 1911 and established the company in the transportation business under the name TVS, which had a large fleet of trucks and buses under the name Southern Roadways.
