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TVS Motors has reported an impressive Q4FY24 with significant year-over-year (YoY) growth. Here’s a breakdown of their financial performance:

MetricQ4FY24 ResultsYoY Change
Total Sales Volume10.63 lakh units22.5% increase
Net Sales₹8,169 crore24% increase
EBITDA₹926 crore
EBITDA Margins11.3%10 bps QoQ
PAT (Profit After Tax)₹485 crore18% increase
EV Sales49,000 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:

EntityUpdate
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 BarodaRBI lifts ban, allows customer onboarding via BoB World app
Indian BanksTech 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.

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