TVS Motor’s Q2 PAT up 47% yoy; issuing ₹310 cr zero-coupon bonds to the subsidiary | Tech Reddy


Two-wheeler flagship, TVS Motor Company has seen a stand-alone profit 407.47 million for the quarter ending September 30, 2022 (Q2FY23) compared to the profit 277.60 million, registering a growth of 46.78% yoy. Q2 PAT also increased by 27.12% from 320.54 million in the previous quarter. On Thursday, the company’s board of directors approved the issuance of zero-coupon bonds.

Independent income from operations was stagnant 7,219.18 crore in Q2FY23 up 28.47% from 5,619.41 crore in Q2 of the previous fiscal. The latest revenue is up 20.15% compared to 6,008.71 crore in Q1FY23.

During the quarter, TVS Motor posted sales of 10,27,437 units compared to 9,16,705 units in Q2FY22 and 9,06,791 units in Q1FY23.

According to a regulatory filing, TVS Motor’s board has approved the issuance of consolidated ZCDs. 310 crore in one or more tranches to the wholly owned subsidiary of Sundaram Auto Components.

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