TVS Motor Q2 Results 2024: TVS made huge earnings, sold more than 12 lakh vehicles, know the profit of how many hundred crores…

TVS Motor Q2 Results 2024: Automobile company TVS Motors has reported a net profit (consolidated net profit) of Rs 560.49 crore in the second quarter of the financial year 2024-25. There has been an increase of 45.07% on annual basis. The company had made a profit of Rs 386.34 crore in the same quarter a year ago.

TVS Motors' consolidated operating revenue increased 13.78% year-on-year to Rs 11,301.68 crore in the July-September quarter. The company's revenue in the same quarter a year ago was Rs 9,932.82 crore. The amount received from selling goods and services is called revenue.

Total income increased by 14% to Rs 11,334 crore

Talking about total income in the second quarter, TVS Motors has earned Rs 11333.99 crore. There has been an increase of 13.52% on annual basis. In the same quarter of the financial year 2023-24, the company had earned a total of Rs 9,983.75 crore.

TVS Motor Q2 Results 2024: TVS sold 12.30 lakh vehicles in the second quarter

In the second quarter of the current financial year (Q2FY25), TVS Motors has sold a total of 12.30 lakh vehicles. The company's sales have increased by 14% on an annual basis.

Apart from this, sales of electric vehicles have increased by 31% on annual basis and have reached 75,000 units. Total sales of TVS Motors in the financial year 2023-24 were 41.91 lakh vehicles.

TVS Motors shares rose by 45% this year

After the results today (Friday, October 23), TVS Motors shares closed at Rs 2,577 with a decline of 3.18%. The company's shares have given negative returns of 3.87% in the last 5 days and 9.39% in one month.

At the same time, it has increased by 31.99% in the last 6 months and by 62.62% in one year. This year i.e. from January 1, 2024 till now, TVS Motors shares have given a return of 27.68%. The market-cap of the company is Rs 1.22 lakh crore.