TVSMOTOR · Automobile and Auto Components
TVS Motor Company Ltd. reported revenue of ₹10,114 cr for October to December 2023, — on the year and +1.8% on the quarter.
Operating profit (EBITDA) was ₹1,475 cr, a margin of 14.6%, — on the year and +104 bps on the quarter.
Net profit was ₹510 cr, — on the year and +22.6% on the quarter, with earnings per share of ₹10.08.
A vehicle maker's revenue is volumes times average price, and its margin moves with steel, aluminium and rubber costs and with the share of exports and premium models. The quarterly statements do not carry volumes, realisation per vehicle and the export share; those come with the filing read.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹10,114 cr | ₹9,942 cr | ₹10,314 cr | ₹11,302 cr | ₹11,035 cr | ₹11,542 cr | ₹12,210 cr | ₹14,051 cr | ₹14,756 cr | ₹15,053 cr | ₹16,296 cr | ₹19,474 cr |
| YoY | — | — | +14% | +14% | +9% | +16% | +18% | +24% | +34% | +30% | +33% | +39% |
| EBITDA margin | 14.6% | 14.6% | 13.9% | 14.4% | 14.8% | 16.5% | 14.8% | 15.0% | 15.4% | 14.4% | 14.4% | 14.0% |
| Other income, % of PBT | 2% | −5% | 7% | 4% | 8% | −6% | 4% | −1% | −5% | 1% | 10% | 5% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 32% | 36% | 34% | 34% | 33% | 31% | 34% | 32% | 33% | 37% | 32% | 32% |
| Net profit | ₹510 cr | ₹412 cr | ₹485 cr | ₹588 cr | ₹609 cr | ₹698 cr | ₹643 cr | ₹833 cr | ₹891 cr | ₹820 cr | ₹1,058 cr | ₹1,219 cr |
| YoY | — | — | +10% | +41% | +19% | +69% | +33% | +42% | +46% | +17% | +65% | +46% |
| Core profit YoY | — | — | +28% | +37% | +14% | +56% | +36% | +45% | +65% | +22% | +48% | +37% |
| EPS | ₹10.08 | ₹8.15 | ₹9.70 | ₹11.80 | ₹11.91 | ₹13.64 | ₹12.84 | ₹16.74 | ₹17.71 | ₹16.24 | ₹21.46 | ₹25.14 |
| Flags | · | · | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 1 | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
TVS Motor Company Ltd. reported revenue of ₹10,114 cr (— on the year) and net profit of ₹510 cr (— on the year) for October to December 2023.
None of the 2 checks that could run raised a question.
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