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Informist, Monday, Apr. 28, 2025

 

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--TVS Motor Jan-Mar net profit INR 8.52 bln
--Analysts saw TVS Motor Jan-Mar net profit INR 7.39 bln
--TVS Motor Jan-Mar net profit INR 8.52 bln vs INR 4.85 bln year ago
--TVS Motor Jan-Mar revenue INR 95.50 bln vs INR 81.69 bln year ago
--TVS Motor FY25 net profit INR 27.11 bln vs INR 20.83 bln year ago
--TVS Motor FY25 revenue INR 362.51 bln vs INR 317.76 bln year ago
--TVS Motor Jan-Mar operating margin 14.0% vs 11.3% year ago
--TVS Motor Jan-Mar operating EBITDA INR 13.33 bln vs INR 9.26 bln year ago
--TVS Motor: FY25 two-, 3-wheeler sales 4.74 mln units, up 13% on year
--TVS Motor: FY25 motorcycles sales 2.20 mln, up 10% on year
--TVS Motor: FY25 scooter sales 1.90 mln units, up 21% on year
--TVS Motor: FY25 electric vehicle sales 279,000 units, up 44% on year
--TVS Motor: FY25 operating EBITDA INR 44.54 bln, up 27% on year
--TVS Motor: FY25 operating margin 12.3%, up 120 bps on year
 

 

By Narayana Krishna

 

HYDERABAD - Boosted by incentives from the government under the production-linked incentives scheme, TVS Motor Co. Ltd. on Monday reported a net profit of INR 8.52 billion, up 76% on year. The net profit growth was the highest in the last 14 quarters and was way above the analysts' estimate of INR 7.39 billion.

 

The two-wheeler manufacturer's revenue for the quarter rose 17% on year to INR 95.50 billion in Jan-Mar. The company's overall earnings before interest, tax, depreciation and amortisation margin for the quarter was 14%, including the 
PLI benefit and 12.5%, excluding it. The EBITDA for the quarter was at INR 13.33 billion as against INR 9.26 billion a year ago, the company said in a press release.

 

Sequentially, the company's net profit rose 38% and revenue increased 5%.

 

During the quarter, the company recognised the production-linked incentive for the full financial year.

 

While the company posted robust sales growth across segments, scooters led the growth for the quarter. The overall two-wheeler and three-wheeler sales, including exports, grew by 14% on year to 1.22 million units in the quarter as against 1.06 million a year ago.  Motorcycle sales for the quarter grew 10% on year to 564,000 units, while scooter sales rose 27% to 502,000 units. Sales of electric vehicles grew 54% on year to 76,000 units in the quarter. Three-wheeler sales for the quarter under review grew 21% on year to 37,000 units, the company said.

 

The company's total expenses for the quarter grew 13% on year to INR 84.53 billion. Other expenses rose 20% on year to INR 10.55 billion. The company reported a 14% on year rise in raw material costs to INR 67.91 billion.

 

For the full year 2024-25 (Apr-Mar), TVS Motor reported a net profit of INR 27.11 billion, up 30% on a revenue of INR 362.51 billion, up 14%.

 

The company's two and three-wheeler sales for FY25 were 4.74 million units, up 13% on year. Motorcycle sales in FY25 rose 10% to 2.20 million units and scooter sales increased 21% to 1.90 million units. TVS Motor's electric vehicle sales in FY25 increased 44% to 279,000 units, up 44% on year.

 

The company's EBITDA margin for the full year was at 12.3%, up 120 basis points, while EBITDA was at INR 44.54 billion, up 27% on year.

 

On Monday, shares of TVS Motors ended at INR 2793.10 on the National Stock Exchange, up 2% from its previous close.  End

 

Edited by Saji George Titus

 

 

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