TVS Motor Company’s revenue grows by 21%, EBITDA grows by 35% in Q1 of FY 201819
TVS Motor Company reported a revenue growth of 21% for the first quarter of FY 2018-19. Total revenue excluding Excise Duty grew to Rs. 4171.0 crores in the current quarter of 2018-19 from Rs. 3456.6 crores in the quarter ended June 2017.
The Company’s Profit Before Tax (PBT) for the quarter ended June 2018 is Rs. 212.4 crores as against Rs. 179.4 crores which included a notional fair valuation gain of Rs. 36.6 crores and a one-time GST discount of Rs. 16.5 crores given to dealers for the quarter ended June 2017.
Hence, the current quarter PBT of Rs. 212.4 crores when compared with operating PBT of Rs. 159.3 crores for Q1 of 2017-18 after adjusting the above two items represents an increase of 33%.
EBITDA for the quarter ended June 2018 has grown to 7.4% from 6.7% for Q1 of 2017-18, increase of 70 bps. EBITDA for the quarter ended June 2018 is Rs. 306.5 crores compared to Rs. 227.9 crores (before GST discount of Rs. 16.5 crores) for the quarter ended June 17, a growth of 35%.
Profit After Tax (PAT) for quarter ended June 2018 is Rs. 146.6 crores as against Rs. 129.5 crores reported for the quarter ended June 2017. Operating PAT for the quarter ended June 2017 prior to consideration of fair valuation gains and one-time GST discount is Rs. 115.0 crores. The growth in operating PAT is 27.5%.
During the quarter ended June 2018, the overall two-wheeler sales of the Company including exports grew by 14% to 8.93 lakh units in the quarter ended June 2018 from 7.85 lakh units in the quarter ended June 2017. Motorcycles sales grew by 17% to 3.87 lakh units in the quarter ended June 2018 from 3.30 lakh units registered in the quarter ended June 2017. Scooter sales of the Company grew by 12% to 2.88 lakh units in the quarter ended June 2018 from 2.58 lakh units in the quarter ended June 2017. The total Exports of the Company grew by 52% to 1.90 lakh units during the quarter ended June 2018 from 1.25 lakh units in the quarter ended June 2017.
Total three wheelers doubled from 0.17 lakh units in the quarter ended June 2017 to 0.36 lakh units in the quarter ended June 2018.
About TVS Motor Company
We are a reputed two and three-wheeler manufacturer, and the flagship company of the USD 7 billion TVS Group. We believe in Championing Progress through Mobility. 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. Our products lead in their respective categories in the J.D. Power IQS and APEAL surveys for the past four years. We have been ranked No. 1 Company in the J.D. Power Customer Service Satisfaction Survey for consecutive three years. For more information, please visit www.tvsmotor.com.