The third largest motorcycle company in India-TVS Motor Company Limited, has announced its Standalone Financial Results for the quarter and year ended 31st March, 2021.
Highlights:
- Revenue from operations grew by 53% at INR 5,322 crore during the quarter as against INR 3,481 crore during Q4 FY ’20.
- Registered highest ever EBITDA of INR 536 crore, up by 119% over Q4 of last year.
- Robust growth in revenue coupled with continued focus in cost reduction initiatives helped the company to improve EBITDA for the quarter to 10% compared to 7% during Q4 FY ’20.
- PAT for the quarter stood at INR 289 crore.
- Two-wheelers domestic and export sales grew by 41% and 74% respectively in Q4.
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