Profit before tax (PBT) climbed 46.7% year on year to Rs 546.62 crore in the quarter ended 31 March 2023. PBT for the quarter includes fair valuation gain Rs 62 crore on the equity shares held by the company.

The company achieved record operating EBITDA of Rs 680 crore for the fourth quarter, registering a growth of 22% as against Rs 557 crore in Q4 FY22. Operating EBITDA margin improved to 10.3% during Q4 FY23 as compared to 10.1% reported in the same period a year ago.

The overall two-wheeler and three-wheeler sales including exports is at 8.68 lakh units in the quarter ended March 2023 as against 8.56 lakh units registered in the quarter ended March 2022.

Motorcycle sales for the quarter registered 3.89 lakh units, down 12% from 4.42 lakh units sold in Q4 FY22. Scooter sales grew by 30% to 3.40 lakh units sold in Q4 FY23 as compared with 2.62 lakh units sold in the fourth quarter of 2021-2022.

Electric vehicles registered sales of 0.43 lakh units in the fourth quarter of FY23 as against 0.06 lakh units during the quarter ended March 2022 and 0.29 Lakh units during quarter ended December 2022.

Three-wheeler sales for the quarter under review stood at 0.29 lakh units, declining 31% as against 0.42 lakh units sold in the fourth quarter of 2021-22.

In financial year ended March 2023, the company's standalone net profit surged 66.9% to Rs 1,491.03 crore on 26.9% increase in revenue to Rs 26,378.09 crore.

Operating EBITDA for the year is higher at 10.1% compared to 9.4% in the previous year.

During the year ended March 2023, the overall two and three-wheeler sales of TVS Motor Company, grew by 11% at 36.82 lakh units as against 33.10 lakh units in the year 2021-22.

Electric vehicles registered sales of 0.97 lakh units in the year 2022-23 as against 0.11 lakh units during 2021-22. Cummulatively TVS Motor has more than one lakh delighted EV customers.

Three-wheeler sales for the fiscal year reduced to 1.69 lakh units in the year ended March 2023 as against 1.72 Lakh units in the year ended March 2022.

TVS Motor Company is a reputed two and three-wheeler manufacturer globally. It has four manufacturing facilities in Hosur, Mysuru and Nalagarh in India and Karawang in Indonesia. TVS Motor's group company Norton Motorcycles, based in the United Kingdom, is one of the most emotive motorcycle brands in the world. Its subsidiaries in the personal e-mobility space, Swiss E-Mobility Group (SEMG) and EGO Movement have a leading position in the e-bike market in Switzerland.