TVS Motor Company Limited (BOM: 532343)

TVS Motor Company Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Operating Revenue	355,976	333,603	319,740	216,155	171,822	188,493
Other Revenue	64,046	58,697	1,184	27,520	22,717	279.3
Revenue	420,022	392,300	320,924	243,675	194,539	188,772
Revenue Growth (YoY)	19.21%	22.24%	31.70%	25.26%	3.06%	-6.39%
Cost of Revenue	257,563	246,051	209,964	163,583	130,176	124,151
Gross Profit	162,459	146,250	110,960	80,092	64,363	64,621
Selling, General & Admin	48,036	45,725	36,338	26,637	22,816	23,214
Other Operating Expenses	52,167	44,157	32,765	25,770	18,476	18,200
Operating Expenses	110,373	99,633	77,691	59,835	46,940	46,973
Operating Income	52,086	46,616	33,269	20,257	17,423	17,648
Interest Expense	-20,080	-19,166	-13,559	-8,828	-8,560	-6,656
Earnings From Equity Investments	-590	-434.7	-407.3	24.9	-77.5	-85.9
Currency Exchange Gain (Loss)	-75.5	-75.5	-2.4	-14.9	-124.8	-320.7
Other Non Operating Income (Expenses)	-1,108	55.5	51.4	-394.7	-332.1	-1,551
EBT Excluding Unusual Items	30,233	26,995	19,353	11,044	8,330	9,035
Gain (Loss) on Sale of Assets	33.8	33.8	26.5	24.7	-19.6	22.8
Other Unusual Items	-	-	-18.7	-401.2	-93.6	-403.3
Pretax Income	30,267	27,029	19,360	10,668	8,216	8,654
Income Tax Expense	10,326	9,244	6,266	3,359	2,141	2,186
Earnings From Continuing Operations	19,941	17,785	13,095	7,309	6,075	6,468
Minority Interest in Earnings	-1,070	-921.7	192.1	259.4	-132.4	-221.8
Net Income	18,871	16,864	13,287	7,568	5,943	6,246
Net Income to Common	18,871	16,864	13,287	7,568	5,943	6,246
Net Income Growth	29.46%	26.92%	75.56%	27.36%	-4.86%	-11.36%
Shares Outstanding (Basic)	475	475	475	475	475	475
Shares Outstanding (Diluted)	475	475	475	475	475	475
Shares Change (YoY)	-0.03%	-	-	-	-	-
EPS (Basic)	39.73	35.50	27.97	15.93	12.51	13.15
EPS (Diluted)	39.73	35.50	27.97	15.93	12.51	13.15
EPS Growth	29.50%	26.92%	75.56%	27.36%	-4.86%	-11.36%
Free Cash Flow	-1,279	-23,978	-57,456	-25,450	2,233	-6,477
Free Cash Flow Per Share	-2.69	-50.47	-120.94	-53.57	4.70	-13.63
Dividend Per Share	-	8.000	5.000	3.750	3.500	3.500
Dividend Growth	-	60.00%	33.33%	7.14%	0%	0%
Gross Margin	38.68%	37.28%	34.58%	32.87%	33.09%	34.23%
Operating Margin	12.40%	11.88%	10.37%	8.31%	8.96%	9.35%
Profit Margin	4.49%	4.30%	4.14%	3.11%	3.05%	3.31%
Free Cash Flow Margin	-0.30%	-6.11%	-17.90%	-10.44%	1.15%	-3.43%
EBITDA	58,501	52,613	38,985	25,662	21,760	22,172
EBITDA Margin	13.93%	13.41%	12.15%	10.53%	11.19%	11.75%
D&A For EBITDA	6,414	5,996	5,716	5,404	4,337	4,524
EBIT	52,086	46,616	33,269	20,257	17,423	17,648
EBIT Margin	12.40%	11.88%	10.37%	8.31%	8.96%	9.35%
Effective Tax Rate	34.12%	34.20%	32.36%	31.49%	26.06%	25.26%
Revenue as Reported	419,064	392,506	321,120	243,882	194,680	189,011
Advertising Expenses	-	5,964	3,848	3,275	3,226	4,243

Source: S&P Capital IQ. Standard template. Financial Sources.