TVS Motor : Financial Results for the Quarter ended 30th June 2022

				TVS MOTOR COMPANY LIMITED			TVS
			Regd office: "Chaitanya", No. 12, Khader Nawaz Khan Road, Nungambakkam, Chennai 600 006
	Website:www.tvsmotor.com Telephone No. [phone] Fax No. [phone] Email:[e-mail]
				CIN:L35921TN1992PLC022845
		STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE 2022
									(Rs. in Crores)
s.			Particulars			Quarter Ended			Year Ended
			30.06.2022	31.03.2022	30.06.2021	31.03.2022
No
1	Sales in Numbers		9,06,791	(Unaudited)			(Audited)
	8,56,446	6,57,758	33,09,568
2	Revenue from Operations		6,008.71	5,530.31		3,934.36	20,790.51
3	Other income		22.21	8.18		1.59	18.99
	Total Income			6,030.92	5,538.49	3,935.95	20,809.50

• Expenditure

		a) Cost of materials consumed	4,457.05	4,228.85	3,011.99	15,546.65
		b) Purchase of stock-in-trade	84.05	74.62	49.96	286.05
		c) Changes in inventories of finished goods, work-in-process and stock-in-trade	31.67	(92.02)	(82.98)	(24.53)
		d) Employee benefits expense	320.93	284.08	260.90	1,136.36
		e) Finance cost	37.57	33.01	29.98	125.92
		f) Depreciation and amortisation expense	152.04	159.31	143.06	611.44
	IC.J) Other expenses	515.55	477.96	420.71	1,884.24
		Total	5,598.86	5,165.81	3,833.62	19,566.13
5		Profit before Exceptional items (2+3-4)		432.06	372.68	102.33	1,243.37
6		Exceptional Items - (Gain)/ Loss	-	-	30.16	30.16
7		Profit before tax (5-6)	432.06	372.68	72.17	1,213.21
8		Tax expense/ (Credit)
		a)	Current tax	122.09	85.30	18.44	300.02
		b)	Deferred tax	(10.57)	12.88	0.58	19.63
		Total tax expense/ (Credit)	111.52	98.18	19.02	319.65
9		Profit for the period (7-8)	320.54	274.50	53.15	893.56
10 Other Comprehensive Income /(Loss) (net of tax)
		a)	Items that will not be reclassified to profit or loss	(0.30)	(19.83)	7.61	(66.34)
		b)	Items that will be reclassified to profit or loss	(24.82)	(13.38)	(5.06)	2.03
11		Total Comprehensive Income / (Loss) for the period (9+10)	295.42	241.29	55.70	829.25
12 Paid up equity share capital (Face value of Re.1/- each)	47.51	47.51	47.51	47.51
13		Reserve excluding Revaluation Reserves	-	-	-	4,774.53

14 Earnings Per Share (Face value of Re. 1/- each) (not annualised)

(i)	Basic (in Rs.)	6.75	5.78	1.12	18.81
(ii)	Diluted (in Rs.)	6.75	5.78	1.12	18.81

Notes :

1 The Operations of the Company relate to only one segment viz., automotive vehicles and parts.

2 The Company has made the following Investments and Disinvestment during the quarter ended 30th June 2022:

1. Rs.39.56 Crores in Equity shares of its overseas subsidiary, lVS Motor (Singapore) Pte. Ltd, Singapore.
2. Rs.114.06 Crores to acquire 1.81% stake in Roppen Transportation Services Private Limited, Hyderabad.
3. The Company has divested its entire stake in its wholly owned subsidiary, Intellicar Telematics Private Limited, Bengaluru for a consideration

of Rs.45 Crores received as convertible notes in Fabric !OT Private limited, Bengaluru.

3 The above unaudited financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their respective meetings held on 28th July 2022. These results have been subjected to limited review by the Statutory Auditors of the Company.

4 The figures of the preceding 3 months ended 31st March 2022 are the balancing figures between the audited figures in respect of the full previous financial year and the published year to date figures upto the third quarter of the respective financial year.

For TVS Motor Company Limited

Date : 28th July 2022	Prof. Sir Ralf Dieter Speth
	Chairman

TVS Motor Company Limited	TVS �
Regd office: "Chaitanya", No. 12, Khader Nawaz Khan Road, Nungambakkam, Chennai 600 006
Website:www.tvsmotor.com Telephone No. [phone] Fax No. [phone] Email:[e-mail]
CIN:L35921TN1992PLC022845
Additional disclosures as per Regulations 52(4) of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015

1. Pursuant to Non-Convertible Debentures (NCD) of TVS MOTOR COMPANY LIMITED being listed, below are the details on a Standalone basis as per Listing Regulations:

Particulars

Net Debt to Equity {Times)

[ (Total borrowings - Cash and Cash equivalents)/ Equity]

Debt service coverage ratio (Times)

• Earnings before Interest, Tax and Exceptional Items/ (Interest Expense + Principal repayments of long term loan made durina the oeriod excludina oreoavment) l
  Interest service coverage ratio (Times)
  r Earninas before Interest Tax anc Exceotional Items / Interest Expense l

Outstanding redeemable preference shares (Qty/ Value)

Capital Redemption Reserve

Debenture Redemption Reserve

Net Worth - Rs. In Crores

Networth as oer Section 2(57) of the Comoanies Act 2013.

Net profit after tax - Rs. In Crores

Earnings per share - Rs. Per share (Basic & Diluted - Not annualised)

Current ratio (Times)

rcurrent Assets / Current Liabilities l

Long term debt to working capital (Times)

[Non Current borrowing including current maturity/(Current Asset - Current Liabilities excluding current maturitv of Lona term borrowina)l

Bad debts to Accounts receivable ratio (Times)

Ir Bad debts written off/ Accounts Receivables l

Current liability ratio (Times)

I (Current Liabilitv/ Total LiabiliM

Total debts to Total assets ratio {Times)

Ir (Non current borrowina includina current maturitv + Current borrowina) I Total Assets l

Debtors Turnover {Times)

Ir Annualised Turnover / Averaae Debtors l

Inventory Turnover (Times)

r Annualised Cost of aoods sold I Averaae Inventorv l

Operating Margin (%)

(Operating EBITDA/ Turnover)

Net Profit Margin in %

(Net profit after tax/ Turnover)

30.06.2022

0.3

4.3

12.5

5,123.83

320.54

6.75

0.6

-

-

0.8

0.1

22.2

16.7

10.0%

5.3%

	Quarter ended					Year ended
	30.06.2021	31.03.2022		31.03.2022
	0.4		0.3		0.3
	2.9		3.3		5.2
	4.4		12.3		10.9
		NOT APPLICABLE
		NOT APPLICABLE
		NOT APPLICABLE
	4,210.02	4,804.61		4,804.61
	53.15		274.50		893.56
	1.12		5.78		18.81
	0.7		0.6		0.6
	-		-		-
	-		-		-
	0.7		0.7		0.7
	0.2		0.1		0.1
	22.6		22.8		22.8
	12.9		13.9		13.9
	7.0%		10.1%		9.4%
	1.4%		5.0%		4.3%

2. Pursuant to Commercial papers of TVS MOTOR COMPANY LIMITED being listed, below are the details on a standalone basis as per Listing Regulations:
i. Credit rating issued by CARE for Commercial paper (CP):	Al+
ii. Previous due dates for payment of interest/ principal of CP repayment		NOT APPLICABLE
							NOT APPLICABLE
iii.. Details of Commercial Papers issued during the quarter ended 31st March 2022
iv. Next due date for payment of interest/ principal of Commercial Paper repayment			NOT APPLICABLE

3. The Company has mai11tained asset cover sufficient to discharge the principal amount at all times for the non-convertible debt securities issued. Note: Previous period's figures have been regrouped wherever necessary to conform to the current year's clc.ssification.

For lVS Motor Company Limited

�� �		�
				Al
Date : 28th July 2022 Jr		--��·(	,-,,i_
		r,_		·c,
::.:!"-"---- ����
l*l			�·-·	.,.
�.	'--................ .
't.i ,,			4'J�

Prof. Sir Ralf Dieter Speth

Chairman