TVS Motor Company Revenue Grows by 6%

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CHENNAI

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%.

Company's PBT before exceptional items has grown by 14% at Rs. 267 Crores during this quarter as against Rs. 234 Crores during the quarter ended in September 2019.

In the 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, the Company reported Profit After Tax (PAT) of Rs. 196 Crores. Despite COVID-19 challenges, the Company strengthened its supply chain during the second quarter of 2020-21. The production and sales improved consistently from July 2020 onwards.

In July 2020, the total two-wheeler sales were 2.44 Lakh numbers, in August it improved to 2.77 Lakh and in September 2020 sales further improved to 3.13 Lakh numbers.

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.

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 in 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 in 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.

"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," TVS Motor stated.

"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."