TVS Motor Company’s revenue grows by 22 pc

CHENNAI, Oct 23:Two and three wheeler makers TVS Motor Company on Tuesday reported a revenue growth of 21.9 per cent for the second quarter of fiscal 2018-19.
Total revenue grew to Rs 4,994 crore in the current quarter of 2018-19 from Rs 4098 Crore in the quarter ended September 2017, a company release said.

EBITDA for the quarter ended September 2018 was Rs 428.2 crore compared to Rs 362.6 crore for the quarter ended September 2017, a growth of 18.1 per cent.
EBITDA for the quarter was at 8.6 per cent. Sequentially, EBITDA has gone up by 90 basis points.
The Company’s Profit Before Tax (PBT) for the quarter ended was Rs 306.2 crore as against Rs 296.8 crore, which included a notional fair valuation gain of Rs 31.7 crore for the quarter ended September 2017.
”Hence the current quarter PBT of Rs 306.2 crore when compared with operating PBT of Rs 265.1 crore for Q2 of 2017-18 after adjusting for the above item represents an increase of 15.5 per cent”, the release said.
Profit After Tax (PAT) for the quarter stood at Rs 211.3 crore as against Rs 213.2 crore reported for the quarter ended September 2017. Operating PAT for the quarter ended September 2017 prior to consideration of fair valuation gain (net of tax) is Rs 190.4 crore. The growth in operating PAT for quarter ended September 2018 was 11.0 per cent.
(UNI)