25/09/2021

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TVS Motor reports Q1 FY22 loss at INR 15 crore, Auto News, ET Auto

On a standalone foundation, the firm described earnings just after tax (PAT) of INR fifty three crore as against decline of INR 139 crore all through the 1st quarter of 2020-21. Running revenue stood at INR three,934 crore for the quarter finished June 2021 as against INR 1,432 crore described in the quarter finished June 2020.

New Delhi: TVS Motor Enterprise on Thursday described a consolidated decline of INR 14.seven crore all through April-June 2021 as against a decline of INR 182.seven crore in the exact same period of time last 12 months.

Overall income enhanced to INR 4,692 crore in the 1st quarter as against INR 1,946.35crore in the exact same period of time of the money 12 months 2019-twenty, TVS Motor Enterprise claimed in a regulatory submitting.

On a standalone foundation, the firm described earnings just after tax (PAT) of INR fifty three crore as against decline of INR 139 crore all through the 1st quarter of 2020-21. Running revenue stood at INR three,934 crore for the quarter finished June 2021 as against INR 1,432 crore described in the quarter finished June 2020.

The Enterprise described EBITDA of INR 274 crore for the 1st quarter of 2021-22 as against destructive EBITDA of INR 49 crore in 1st quarter of 2020-21. Company’s EBITDA margin for the quarter is at seven.% as against the destructive margin of three.4% described in the 1st quarter of 2020-21.

“The reduction in revenue and EBITDA from the previous quarter is primarily on account of lockdowns in vital marketplaces. With the gradual opening of marketplaces, the firm is optimistic about the domestic and international demand coming again to normalcy,” TVS claimed in a statement.

The automaker’s overall two-wheeler and a few-wheeler revenue together with exports registered six.fifty eight Lakh models in the quarter to June 2021 as against two.sixty seven Lakh models registered in the quarter finished June 2020.

Motorbike revenue registered 4.05 Lakh models in the quarter finished June 2021 as against 1.19 Lakh models in the quarter finished June 2020. Scooter revenue for the quarter finished June 2021 is 1.40 Lakh models against the revenue of .eighty two Lakh models in the 1st quarter of 2020-21.

The firm recorded the highest two-wheeler exports in this quarter at two.90 Lakh models as against .70 Lakh models in the quarter finished June 2020. Three-wheeler revenue for the quarter underneath review were .39 Lakh models as against .12 Lakh models all through the 1st quarter of 2020-21, TVS claimed.

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The company’s full revenue from functions stood at INR seven,386 crore in Q1 FY22 as against INR three,079 crore in Q1 FY21.