TVS Motor Q2 Results: Net profit surges 41% to ₹588.13 crore

The company had posted a net profit of ₹415.93 crore in the same quarter last fiscal, TVS Motor Co said in a regulatory filing.

Revenue from operations in the second quarter stood at ₹11,301.68 crore as against ₹9,932.82 crore in the year-ago period, it added.

Total expenses in the quarter under review were higher at ₹10,427.64 crore as compared to ₹9,297.34 crore in the same period a year ago.

TVS Motor Co said it posted its highest-ever quarterly total sales of 12.28 lakh units of two and three-wheelers combined, including exports, in the second quarter, up 14% as compared to 10.74 lakh units in the year-ago period.

Motorcycle sales grew by 14% at 5.60 lakh units in the quarter as against 4.93 lakh units in the same period last fiscal. Scooter sales were up 17% at 4.90 lakh units as against the sales of 4.20 lakh units in the second quarter of FY24, the company said.

Exports of two-wheeler exports grew by 16% at 2.78 lakh units as against 2.39 lakh units in the year-ago quarter.

Total three-wheeler sales for the quarter under review stood at 38,000 units, down from 43,000 units during the second quarter of 2023-24, the company said.

Electric vehicle sales in the second quarter grew by 31% at 75,000 units as against 58,000 units during the quarter ended September 30, 2023, it added.