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TVS Motors Quarterly Profit Rises By 15% In The Q3 FY19

January 22, 2019 at 3:57 PM EquityPandit
Equitypandit_TVS

TVS Motor, the Indian two-wheeler manufacturer reported its financial result for the quarter ended on December, 31 with a net profit of Rs 178.4 crores, posting a net increase of 15 per cent year-on-year basis.

The company during the same quarter of the previous year had reported a profit of Rs 154.4 crores. TVS Motors’ total revenue during the quarter under review grew by 26 per cent to Rs 4,664 crores as against Rs 3,703.1 crores a year ago.

The company’s EBITDA or (earnings before interest, taxes, depreciation and amortization) stood at Rs 375.7 crores during the said quarter, posting a 25 per cent increase as compared to Rs 300.5 crores during the Q3 FY18.

The operating margin was reported stagnant at 8.1 per cent as against 8.12 per cent last year.

Read EquityPandit’s Technical Analysis of Nifty Auto

Auto IndustryDecember End QuarterNet Profit IncreasesQ3 FY19TVS Motortwo wheeler

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