TVS Motor Company Ltd
NSE:TVSMOTOR
Income Statement
Earnings Waterfall
TVS Motor Company Ltd
Revenue
|
391.4B
INR
|
Cost of Revenue
|
-244.1B
INR
|
Gross Profit
|
147.4B
INR
|
Operating Expenses
|
-101.7B
INR
|
Operating Income
|
45.7B
INR
|
Other Expenses
|
-28.8B
INR
|
Net Income
|
16.9B
INR
|
Income Statement
TVS Motor Company Ltd
Mar-2004 | Jun-2004 | Sep-2004 | Dec-2004 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||||||||||||||||||||
Revenue |
28 464
N/A
|
27 950
-2%
|
27 733
-1%
|
29 049
+5%
|
46 158
+59%
|
100 827
+118%
|
152 053
+51%
|
201 600
+33%
|
205 625
+2%
|
200 559
-2%
|
196 993
-2%
|
188 493
-4%
|
157 707
-16%
|
160 648
+2%
|
173 937
+8%
|
194 208
+12%
|
221 705
+14%
|
233 995
+6%
|
239 020
+2%
|
243 553
+2%
|
269 817
+11%
|
290 591
+8%
|
305 278
+5%
|
319 740
+5%
|
337 138
+5%
|
350 858
+4%
|
371 337
+6%
|
391 447
+5%
|
|
Gross Profit | |||||||||||||||||||||||||||||
Cost of Revenue |
(18 923)
|
(18 405)
|
(18 117)
|
(19 152)
|
(31 927)
|
(70 056)
|
(105 499)
|
(141 664)
|
(141 546)
|
(135 891)
|
(130 805)
|
(123 168)
|
(100 317)
|
(103 663)
|
(114 926)
|
(130 717)
|
(148 739)
|
(156 755)
|
(159 559)
|
(164 438)
|
(180 533)
|
(193 915)
|
(201 201)
|
(210 362)
|
(216 792)
|
(222 661)
|
(233 580)
|
(244 053)
|
|
Gross Profit |
9 540
N/A
|
9 543
+0%
|
9 615
+1%
|
9 896
+3%
|
14 231
+44%
|
30 772
+116%
|
46 555
+51%
|
59 936
+29%
|
64 081
+7%
|
64 669
+1%
|
66 189
+2%
|
65 325
-1%
|
57 390
-12%
|
56 985
-1%
|
59 011
+4%
|
63 491
+8%
|
72 967
+15%
|
77 241
+6%
|
79 462
+3%
|
79 115
0%
|
89 284
+13%
|
96 676
+8%
|
104 077
+8%
|
109 378
+5%
|
120 346
+10%
|
128 198
+7%
|
137 757
+7%
|
147 395
+7%
|
|
Operating Income | |||||||||||||||||||||||||||||
Operating Expenses |
(7 686)
|
(7 767)
|
(7 881)
|
(8 172)
|
(10 476)
|
(22 024)
|
(33 265)
|
(42 494)
|
(46 350)
|
(47 512)
|
(48 774)
|
(48 155)
|
(44 832)
|
(44 015)
|
(44 806)
|
(46 412)
|
(53 405)
|
(56 935)
|
(59 392)
|
(58 980)
|
(64 614)
|
(68 841)
|
(73 981)
|
(77 293)
|
(85 448)
|
(90 852)
|
(96 016)
|
(101 712)
|
|
Selling, General & Administrative |
(6 869)
|
(6 929)
|
(7 002)
|
(7 078)
|
(3 434)
|
(7 147)
|
(10 788)
|
(29 908)
|
(14 687)
|
(14 860)
|
(15 033)
|
(15 394)
|
(15 066)
|
(15 358)
|
(16 226)
|
(32 535)
|
(18 278)
|
(19 434)
|
(20 173)
|
(39 431)
|
(22 970)
|
(25 148)
|
(26 909)
|
(50 472)
|
(30 524)
|
(31 345)
|
(32 723)
|
(33 852)
|
|
Depreciation & Amortization |
(817)
|
(861)
|
(894)
|
(936)
|
(1 043)
|
(2 145)
|
(3 308)
|
(4 417)
|
(4 682)
|
(4 936)
|
(5 104)
|
(5 560)
|
(5 307)
|
(5 455)
|
(5 620)
|
(5 648)
|
(6 232)
|
(6 551)
|
(6 953)
|
(7 429)
|
(7 780)
|
(8 080)
|
(8 341)
|
(8 589)
|
(8 868)
|
(9 117)
|
(9 382)
|
(9 751)
|
|
Other Operating Expenses |
(1)
|
23
|
14
|
(160)
|
(5 999)
|
(12 734)
|
(19 171)
|
(8 169)
|
(26 981)
|
(27 717)
|
(28 636)
|
(27 201)
|
(24 457)
|
(23 201)
|
(22 961)
|
(8 229)
|
(28 896)
|
(30 950)
|
(32 267)
|
(12 120)
|
(33 866)
|
(35 614)
|
(38 732)
|
(18 232)
|
(46 055)
|
(50 391)
|
(53 911)
|
(58 109)
|
|
Operating Income |
1 854
N/A
|
1 777
-4%
|
1 735
-2%
|
1 725
-1%
|
3 755
+118%
|
8 747
+133%
|
13 290
+52%
|
17 442
+31%
|
17 731
+2%
|
17 158
-3%
|
17 415
+1%
|
17 170
-1%
|
12 557
-27%
|
12 969
+3%
|
14 204
+10%
|
17 079
+20%
|
19 561
+15%
|
20 305
+4%
|
20 069
-1%
|
20 135
+0%
|
24 671
+23%
|
27 836
+13%
|
30 097
+8%
|
32 085
+7%
|
34 898
+9%
|
37 346
+7%
|
41 741
+12%
|
45 683
+9%
|
|
Pre-Tax Income | |||||||||||||||||||||||||||||
Interest Income Expense |
(56)
|
(44)
|
(40)
|
(52)
|
(1 417)
|
(3 106)
|
(4 764)
|
(6 573)
|
(7 258)
|
(7 636)
|
(8 139)
|
(8 631)
|
(8 731)
|
(9 079)
|
(9 169)
|
(7 055)
|
(8 942)
|
(8 738)
|
(8 777)
|
(8 696)
|
(10 187)
|
(11 516)
|
(12 730)
|
(13 240)
|
(15 549)
|
(16 948)
|
(18 516)
|
(19 712)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
760
|
0
|
(403)
|
(403)
|
(1 177)
|
(434)
|
(94)
|
(460)
|
(456)
|
(444)
|
(401)
|
(46)
|
(37)
|
(39)
|
437
|
(8)
|
(7)
|
0
|
0
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(22)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(20)
|
0
|
0
|
0
|
25
|
0
|
0
|
0
|
27
|
0
|
0
|
0
|
0
|
|
Total Other Income |
366
|
350
|
346
|
363
|
104
|
122
|
131
|
(18)
|
230
|
278
|
402
|
518
|
506
|
592
|
626
|
(1 695)
|
432
|
358
|
280
|
(395)
|
624
|
844
|
844
|
51
|
1 924
|
2 135
|
2 165
|
1 058
|
|
Pre-Tax Income |
2 162
N/A
|
2 082
-4%
|
2 040
-2%
|
2 035
0%
|
2 442
+20%
|
5 763
+136%
|
8 657
+50%
|
10 829
+25%
|
10 702
-1%
|
10 559
-1%
|
9 678
-8%
|
8 654
-11%
|
3 930
-55%
|
3 306
-16%
|
5 227
+58%
|
8 216
+57%
|
10 591
+29%
|
11 469
+8%
|
11 128
-3%
|
10 668
-4%
|
15 062
+41%
|
17 127
+14%
|
18 172
+6%
|
19 360
+7%
|
21 265
+10%
|
22 526
+6%
|
25 390
+13%
|
27 029
+6%
|
|
Net Income | |||||||||||||||||||||||||||||
Tax Provision |
(781)
|
(749)
|
(735)
|
(723)
|
(841)
|
(1 930)
|
(2 846)
|
(3 575)
|
(3 536)
|
(3 056)
|
(2 584)
|
(2 186)
|
(802)
|
(933)
|
(1 526)
|
(2 141)
|
(2 836)
|
(3 185)
|
(3 375)
|
(3 359)
|
(4 638)
|
(5 312)
|
(5 687)
|
(6 266)
|
(6 724)
|
(7 559)
|
(8 364)
|
(9 244)
|
|
Income from Continuing Operations |
1 382
|
1 333
|
1 305
|
1 312
|
1 601
|
3 833
|
5 811
|
7 254
|
7 166
|
7 503
|
7 093
|
6 468
|
3 127
|
2 372
|
3 701
|
6 075
|
7 756
|
8 286
|
7 755
|
7 309
|
10 425
|
11 815
|
12 485
|
13 095
|
14 541
|
14 967
|
17 027
|
17 785
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
(49)
|
(209)
|
(148)
|
(207)
|
(206)
|
(79)
|
(202)
|
(110)
|
(27)
|
(9)
|
(7)
|
(132)
|
(124)
|
(31)
|
141
|
259
|
304
|
355
|
215
|
192
|
34
|
(391)
|
(672)
|
(922)
|
|
Net Income (Common) |
1 382
N/A
|
1 333
-4%
|
1 305
-2%
|
1 312
+1%
|
1 551
+18%
|
3 623
+134%
|
5 662
+56%
|
7 047
+24%
|
6 959
-1%
|
7 423
+7%
|
6 890
-7%
|
6 358
-8%
|
3 101
-51%
|
2 364
-24%
|
3 695
+56%
|
5 943
+61%
|
7 631
+28%
|
8 254
+8%
|
7 895
-4%
|
7 568
-4%
|
10 729
+42%
|
12 170
+13%
|
12 701
+4%
|
13 287
+5%
|
14 576
+10%
|
14 576
+0%
|
16 355
+12%
|
16 864
+3%
|
|
EPS (Diluted) |
2.84
N/A
|
2.81
-1%
|
2.75
-2%
|
2.76
+0%
|
3.27
+18%
|
7.63
+133%
|
11.92
+56%
|
14.83
+24%
|
14.64
-1%
|
15.62
+7%
|
14.5
-7%
|
12.45
-14%
|
6.52
-48%
|
4.97
-24%
|
7.77
+56%
|
12.51
+61%
|
15.89
+27%
|
17.38
+9%
|
16.58
-5%
|
15.93
-4%
|
22.58
+42%
|
25.61
+13%
|
26.73
+4%
|
27.97
+5%
|
30.68
+10%
|
30.68
N/A
|
34.43
+12%
|
35.5
+3%
|