New Delhi: TVS Motor Business on Thursday noted a consolidated loss of INR fourteen.7 crore all through April-June 2021 as in opposition to a loss of INR 182.7 crore in the very same period of time previous year.
Overall income elevated to INR 4,692 crore in the first quarter as in opposition to INR 1,946.35crore in the very same period of time of the money year 2019-20, TVS Motor Business stated in a regulatory filing.
On a standalone foundation, the company noted financial gain soon after tax (PAT) of INR fifty three crore as in opposition to loss of INR 139 crore all through the first quarter of 2020-21. Operating earnings stood at INR three,934 crore for the quarter ended June 2021 as in opposition to INR 1,432 crore noted in the quarter ended June 2020.
The Business noted EBITDA of INR 274 crore for the first quarter of 2021-22 as in opposition to damaging EBITDA of INR forty nine crore in first quarter of 2020-21. Company’s EBITDA margin for the quarter is at 7.{7e488363c11ee5ef50445c8c4fa770b6e6e4f99e57faea264a05ac52abb3ffe0} as in opposition to the damaging margin of three.4{7e488363c11ee5ef50445c8c4fa770b6e6e4f99e57faea264a05ac52abb3ffe0} noted in the first quarter of 2020-21.
“The reduction in earnings and EBITDA from the preceding quarter is largely on account of lockdowns in crucial markets. With the gradual opening of markets, the company is optimistic about the domestic and intercontinental demand coming again to normalcy,” TVS stated in a assertion.
The automaker’s all round two-wheeler and a few-wheeler product sales which include exports registered 6.fifty eight Lakh models in the quarter to June 2021 as in opposition to two.sixty seven Lakh models registered in the quarter ended June 2020.
Motorcycle product sales registered 4.05 Lakh models in the quarter ended June 2021 as in opposition to 1.19 Lakh models in the quarter ended June 2020. Scooter product sales for the quarter ended June 2021 is 1.forty Lakh models in opposition to the product sales of .eighty two Lakh models in the first quarter of 2020-21.
The company recorded the best two-wheeler exports in this quarter at two.90 Lakh models as in opposition to .70 Lakh models in the quarter ended June 2020. Three-wheeler product sales for the quarter underneath evaluation have been .39 Lakh models as in opposition to .twelve Lakh models all through the first quarter of 2020-21, TVS stated.
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The company’s complete earnings from operations stood at INR 7,386 crore in Q1 FY22 as in opposition to INR three,079 crore in Q1 FY21.
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