The past few months of good offtake in sales has surely shown in its earnings.
TVS Motors, for Q3FY21, reported its highest ever revenue of Rs. 5,404 crore, up 31% (YoY).
EBITDA was also at a record high at 511 crore, up 41% and ditto fo net profit, which was highest for any quarter at Rs.266 crore.
During the quarter, its overall two-wheeler sales, including exports grew 23% to 9.52 Lakh units wherein motorcycle sales rose 31% and scooter sales by 11%. Exports rose 20% and the company said that the demand continues to remain robust. Three-wheeler sales were down 21%.
The company also declared an interim dividend of Rs. 2.10/- per share (210%) absorbing a sum of Rs. 100 crore for the year 2020-21.
The stock price has reacted very positively to these numbers. From its close of yesterday at Rs.528.65, it opened itself at Rs.554 and rushed to hit a new high at Rs.589 and continues to trade currently at Rs.580 levels.