Top Stories

TVS Holdings's Q2FY24 Financial Performance Review

Oct 31, 2023

By: BlinkX Research Team

In this financial performance review, we delve into the results of TVS Holdings for Q2FY24 and analyze key metrics, including revenue, expenses, net profit, and margin.

REVENUE: 
TVS Holdings reported a total revenue of ₹10,619 crores for Q2FY24. This represents a significant increase of 10.76% sequentially. Year-on-year, the company achieved substantial revenue growth of 18.37% compared to Q2FY23.

EXPENSES: 
The company recorded expenses amounting to ₹9,881 crores in Q2FY24, reflecting a growth of 10.24% in comparison with Q1FY24. Year-on-year, expenses have increased by 17.66% compared to the second quarter of the previous fiscal year.

NET PROFIT: 
In the second quarter of fiscal year 2024, TVS Holdings reported a net profit of ₹457 crores, showing growth of 11.74% sequentially. Year-on-year, the net profit experienced a healthy increase of 15.99%.

MARGINS: 
The margin for Q2FY24 is 4.30%, which is a slight increase from the margin of 4.27% in the preceding quarter. Year-on-year, the margin has reduced from 4.39% in Q2FY23 to 4.30% in Q2FY24.

In conclusion, TVS Holdings' financial performance in the second quarter of fiscal year 2024 reflects robust revenue growth year-on-year, despite a rise in expenses. The company's net profit has also increased, indicating efficient cost management. Margins have remained largely flat. 

Stay tuned for more updates on upcoming financial performances.