TVS Motors has reported an impressive Q4FY24 with significant year-over-year (YoY) growth. Here’s a breakdown of their financial performance:
| Metric | Q4FY24 Results | YoY Change |
|---|---|---|
| Total Sales Volume | 10.63 lakh units | 22.5% increase |
| Net Sales | ₹8,169 crore | 24% increase |
| EBITDA | ₹926 crore | – |
| EBITDA Margins | 11.3% | 10 bps QoQ |
| PAT (Profit After Tax) | ₹485 crore | 18% increase |
| EV Sales | 49,000 units | – |
The rise in EBITDA margins and substantial growth in both total sales and PAT reflect TVS Motors’ robust operational efficiency and successful market strategies.
Industry Updates – April 2024
Several key updates from the auto sector and financial markets in April 2024 include:
| Entity | Update |
|---|---|
| Auto Sector (FADA Data) | April retail volumes at 22.06 lakh units, up 27% YoY |
| Hindalco Ltd. | Plans IPO for Novelis, valuation at US$ 18 billion |
| Bank of Baroda | RBI lifts ban, allows customer onboarding via BoB World app |
| Indian Banks | Tech spend to increase to 10-12%, focusing on security |
| Wipro & Kognitos Inc. | Partnership for GenAI-based business automation solutions |
These updates illustrate the dynamic nature of the automotive and financial sectors, highlighting significant movements in market strategies, regulatory adjustments, and technological innovations.
Conclusion
The Q4FY24 has been robust for TVS Motors, reflecting strong market performance and resilience. The broader auto and financial sectors are also seeing vigorous activity, from IPO announcements to technological enhancements in banking. These developments are shaping the landscape for FY25, promising exciting opportunities and challenges.
