TVS Motor Company Ltd. Q3 FY2024 results: revenue ₹10,114 crore, up 25.4% on the year
TVS Motor Company Ltd. (TVSMOTOR) reported consolidated revenue from operations of ₹10,114 crore for Q3 FY2024, the quarter ended 31 December 2023, up 25.4% on the same quarter a year earlier. Profit after tax was ₹510 crore, up 67.8% on the year, and earnings per share ₹10.08. The figures are the company's own, from the unaudited results it filed with NSE on 24 January 2024.
The quarter, against the one before and a year earlier
| Line | Q3 FY2024 | Q2 FY2024 | A year earlier | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 10,114 | 9,933 | n/a | n/a |
| Other income | 12 | 51 | n/a | n/a |
| Total income | 10,126 | 9,984 | n/a | n/a |
| Cost of materials consumed | 5,782 | 6,336 | n/a | n/a |
| Purchases of stock-in-trade | 227 | 148 | n/a | n/a |
| Changes in inventories | 254 | -175 | n/a | n/a |
| Employee benefit expense | 856 | 833 | n/a | n/a |
| Finance costs | 494 | 483 | n/a | n/a |
| Depreciation, depletion and amortisation | 242 | 237 | n/a | n/a |
| Other expenses | 1,507 | 1,435 | n/a | n/a |
| Total expenses | 9,363 | 9,297 | n/a | n/a |
| Profit before exceptional items and tax | 763 | 686 | n/a | n/a |
| Exceptional items | 0 | 0 | n/a | n/a |
| Profit before tax | 763 | 686 | n/a | n/a |
| Current tax | 343 | 311 | n/a | n/a |
| Deferred tax | -102 | -51 | n/a | n/a |
| Total tax | 241 | 260 | n/a | n/a |
| Profit after tax | 510 | 416 | n/a | n/a |
| Attributable to owners of the parent | 479 | 386 | n/a | n/a |
| Other comprehensive income | 31 | 3 | n/a | n/a |
| Total comprehensive income | 540 | 418 | n/a | n/a |
| EPS, basic | ₹10.08 | ₹8.13 | n/a | n/a |
| EPS, diluted | ₹10.08 | ₹8.13 | n/a | n/a |
₹ crore except per share.
Quarterly results, the last 12 quarters
| Q2 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 9,933 | 10,114 | 10,042 | 10,407 | 11,302 | 11,135 | 11,542 | 12,210 | 14,051 | 14,756 | 15,053 | 16,296 |
| Expenses | 9,297 | 9,363 | 9,339 | 9,691 | 10,428 | 10,273 | 10,465 | 11,262 | 12,802 | 13,369 | 13,746 | 14,894 |
| Operating profit | 1,356 | 1,488 | 1,485 | 1,465 | 1,642 | 1,665 | 1,920 | 1,814 | 2,122 | 2,270 | 2,187 | 2,357 |
| OPM % | 14% | 15% | 15% | 14% | 15% | 15% | 17% | 15% | 15% | 15% | 15% | 14% |
| Other income | 51 | 12 | -44 | 41 | 32 | 65 | -68 | 40 | -14 | -10 | 7 | 158 |
| Interest | 483 | 494 | 513 | 503 | 509 | 539 | 551 | 551 | 552 | 561 | 566 | 602 |
| Depreciation | 237 | 242 | 269 | 246 | 259 | 264 | 292 | 315 | 320 | 323 | 315 | 354 |
| Exceptional items | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -50 | 0 | 0 |
| Profit before tax | 686 | 763 | 660 | 757 | 906 | 927 | 1,009 | 988 | 1,236 | 1,326 | 1,313 | 1,560 |
| Tax % | 38% | 32% | 36% | 34% | 33% | 32% | 30% | 34% | 32% | 33% | 36% | 31% |
| Net profit | 416 | 510 | 412 | 485 | 588 | 609 | 698 | 643 | 833 | 891 | 820 | 1,058 |
| EPS in ₹ | ₹8.13 | ₹10.08 | ₹8.15 | ₹9.70 | ₹11.80 | ₹11.91 | ₹13.42 | ₹12.84 | ₹16.74 | ₹17.71 | ₹16.24 | ₹21.46 |
| Filing | NSE | NSE | NSE | NSE | NSE | NSE | Filing | Filing | Filing | Filing | Filing | Filing |
₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.
Source
Unaudited consolidated results for the quarter ended 31 December 2023, filed with NSE on 24 January 2024: the result statement. All of TVS Motor Company Ltd.'s results: NSE company page.
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