Top Stories
L&T Partners with PS Technology to Revolutionise Railways
6 mins read. August 2, 2024 at 12:45 PM
Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr
4 mins read. August 2, 2024 at 12:41 PM
Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr
4 mins read. August 2, 2024 at 12:36 PM

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.
Particulars | Q2FY23 | YoY (% change) | Q1FY24 | QoQ (% change) | Q2FY24 |
Total Income (₹crs.) | 7,220 | 13.43 | 7,275 | 12.58 | 8,190 |
Expenses (₹crs.) | 6,671 | 11.93 | 6,665 | 12.03 | 7,467 |
Net Profit (₹crs.) | 407 | 31.7 | 467 | 14.78 | 536 |
Margin (%) | 5.64 | 0.91 | 6.42 | 0.13 | 6.54 |
REVENUE:
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:
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.
NET PROFIT:
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.
MARGINS:
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.
Related News

BLS's Q2FY24 Financial Performance Review
2 mins read. November 6, 2023 at 08:56 AM

Interglobe Aviation's Q2FY24 Financial Performance Review
2 mins read. November 3, 2023 at 11:31 AM

Titan's Q2FY24 Financial Performance Review
2 mins read. November 3, 2023 at 10:59 AM

Zomato's Q2FY24 Financial Performance Review
3 mins read. November 3, 2023 at 09:50 AM
Download app
Access BlinkX
everywhere
across device
