TVS Holdings's Q2FY24 Financial Performance Review
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.
| Particulars | Q2FY23 | YoY (% change) | Q1FY24 | QoQ (% change) | Q2FY24 |
| Total Income (₹crs.) | 8,971.00 | 18.37 | 9,587.00 | 10.76 | 10,619.00 |
| Expenses (₹crs.) | 8,398.00 | 17.66 | 8,963.00 | 10.24 | 9,881.00 |
| Net Profit (₹crs.) | 394.00 | 15.99 | 409 | 11.74 | 457 |
| Margin (%) | 4.39 | -0.09 | 4.27 | 0.04 | 4.30 |
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.