On Friday, TVS Motor company’s shares hit an all-time high of Rs 953.50 on the Bombay Stock Exchange (BSE). The consolidated net profit rose to Rs 305.37 crore during the June quarter of 2023. The volume has increased in a sale against a loss of Rs 10.55 crore last year. Also, the revenue from the operation of TVS Motor grew 57 per cent yearly at Rs 7,316 crore compared to Rs 4,689 crore in Q1FY22.

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The quarter stood at Rs 6,009 crore, up 8.7 per cent of TVS Motor. Earning Before Tax Depreciation Amortisation (EBTDA) came in at Rs 600 crore in Q1FY23, up 7.7 per cent every quarter with corresponding margins flat 10 per cent QoQ. Despite a challenging quarter, TVS has been able to maintain its margin.

In the last quarter, TVS Motor shares outperformed in the BSE market, which has surged 46 per cent. TVS Motor has gained 330bps shares, to which 24.9 per cent. The share lost in motorcycle is 160bps for shortage impact in Q1.