TVS Motors' Q2FY24 Financial Performance Review

In this financial performance review, we delve into the results of TVS Motors for the second quarter of fiscal year 2024 and analyze key metrics, including revenue, expenses, net profit, and margin.


ParticularsQ2FY23YoY (% change)Q1FY24QoQ (% change)Q2FY24
Total Income (₹crs.)7,22013.437,27512.588,190
Expenses (₹crs.)6,67111.936,66512.037,467
Net Profit (₹crs.)40731.746714.78536
Margin (%)5.640.916.420.136.54


TVS Motors reported a total income of ₹8,190 crores for Q2FY24, which represents a 12.58% increase sequentially. On a year-on-year basis, the company saw a strong growth of 13.43%. This significant increase in revenue demonstrates the company's ability to capture a larger market share and meet the growing demand for its products.


Expenses for TVS Motors in Q2FY24 amounted to ₹7,467 crores, marking a 12.03% increase compared to Q1FY24. Year-on-year, expenses increased by 11.93%. The uptick in expenses can be attributed to factors such as rising input costs and inflation.


The net profit for TVS Motors in Q2FY24 was ₹536 crores, showing a 14.78% increase compared to the preceding quarter. On a year-on-year basis, the company witnessed substantial growth in net profit, with a 31.7% increase. This positive performance in net profit reflects the company's ability to adapt to changing market dynamics and maximize its profitability.


TVS Motors' margin for Q2FY24 was 6.54%, reflecting a 0.13% increase compared to Q1FY24. Year-on-year, the margin showed a 0.91% improvement. The expansion of margins demonstrates the company's adept management of its operations and profitability in a competitive market.


In conclusion, TVS Motors' financial performance in Q2FY24 showcases a company that is thriving in a challenging economic environment. The substantial growth in revenue, net profit, and improved margins underscore the effectiveness of TVS Motors' strategies and its capacity to meet evolving market demands. Despite cost challenges, the company remains agile and profitable. 


Stay tuned for more updates on TVS Motors' financial performance in the future.

Top stories

Delta Corp Q1 PAT Declines 68% YoY to Rs 22 crore in FY25

4 mins read . 13 Jul 2024 . 09:30 AM


Zydus Life Gets USFDA Nod for Heart Failure Drug

3 mins read . 13 Jul 2024 . 09:23 AM


RVNL Spurts 10% on Bagging Multiple Orders Worth Rs 390 Cr

4 mins read . 13 Jul 2024 . 09:18 AM

Related Blogs

Share Market


12 mins read . 12 Jul 2024

Ritesh Agarwal: The OYO Founder’s Success Story

  • 0 people read

Share Market


15 mins read . 08 Jul 2024

Best Oil & Gas Stocks in India

  • 0 people read
Kickstart your equities journey today You've got this
By submitting this I agree to the terms & conditions