The TVS Motor Company in the quarter ended June 2021, had reported sales of 6.58 lakh units against the 2.67 lakh units registered in the quarter ended June 2020. Though the April to June 2020 quarter was in the middle of the pandemic which was followed by a nationwide lockdown. In the quarter ended June 2021, 4.05 lakh units of motorcycle sales were registered, against the 1.19 lakh units in the quarter ended June 2020.
In the quarter ended June 2021, the scooter sales were upto 1.40 lakh units against the sales of 0.82 lakh units in the first quarter of 2020-2021. In the current quarter, the TVS company had recorded the highest two wheeler exports of 2.90 lakh units against the 0.70 lakh units in the quarter ended June 2020.
For the quarter ended June 2021, the operating revenue was reported by the company amounting to Rs 3,934 crore, against the Rs 1,432 crore reported in the first quarter of 2020.
The key markets had suffered damages in the revenue and profits from the domestic market due to the lockdowns, however, TVS seemed to be doing better in the international markets.
The TVS company had said in a statement that the April to June 2021 quarter had recorded the highest quarterly revenue from the international markets. TVS has been one of the biggest exporters of motorcycles in India after Bajaj Auto.
TVS has reported in the current quarter, PAT of Rs 53 crore as against a loss of Rs 139 crore in the first quarter of 2020-2021.
The TVS reported PBT prior to the exceptional item of Rs 102 crore in the first quarter of 2021-2022 as against the loss of Rs 190 crore.
The incurred Rs 30 crore by the TVS Motor Company towards the COVID-19 related expenses in the first quarter were reported as an exceptional item, and with the opening of the markets, the company has said that they were positive about coming back to normalcy of the domestic and international demand.
