TVS Motor April-June Profit Up 35% On Year To ₹7.79 Billion, Revenue Jumps 20%

TVS Motor Co. Ltd. on Thursday reported a 35% year-on-year rise in net profit to ₹7.79 billion for the June quarter, supported by double-digit revenue growth and margin expansion.

Revenue rose 20% on year to ₹100.81 billion, marking the fastest pace in five quarters. Operating EBITDA increased nearly 32% to ₹12.63 billion, while the margin improved by 100 basis points to 12.5%.

Total expenses rose 19% on year to ₹90.62 billion, with cost of materials consumed — the biggest cost head — rising 17% to ₹69.43 billion. Employee expenses were up 21% on year to ₹5.81 billion. The company also booked ₹1.14 billion in inventory losses, higher than ₹528.9 million a year ago.