TVS Motor Q3 net up 28% to Rs 304 cr; EV sales surge 80% to 29,000 units

Operating EBITDA grows 16% to Rs 659 crore, EBITDA margin flat at 10.1%

Chennai-based automobile major TVS Motor Company has posted a 28 per cent rise in net profit for the third quarter of financial year 2022-23 to Rs 303.6 crore, from Rs 236.56 crore during the same quarter a year ago.

The company’s revenue from operations rose 22 per cent to Rs 8,066 crore during the quarter under review, from Rs 6,597.35 crore during the October to December quarter of 2021-22. The company sold 836,000 two-wheelers in all during the reporting current quarter as against 835,000 units in the year-ago quarter.

Its Two-wheeler exports stood at 207,000 units during the quarter under