TVS Motor, one of the country’s largest two-wheeler and three-wheeler manufacturers, had its shares surge by 5.6% in early morning trade, hitting an all-time high of ₹2618. The company reported a good set of figures for the quarter ending in June.
During Tuesday’s post-market hours, the company said that its income from operations increased by 16% to ₹8,376 crore, up from ₹7,218 crore in the quarter that ended in June 2023.
Compared to ₹764 crore in the first quarter of 2023–24, TVS Motor had its highest operational EBITDA of ₹960 crore in the first quarter of 2024–25, a rise of 26%. Operating EBITDA margin increased to 11.5% from 10.6% in the quarter ended June 2023, a rise of 90 basis points.
In the first quarter of 2023–24, the company’s profit after tax (PAT) was ₹468 crore, but in the current quarter, it increased by 23% to ₹577 crore.
As of 11:03 am, TVS Motor shares were trading 3.94% higher at Rs 2,576.45 on the NSE.
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