Earnings Review
TVS Motor books record high revenue, profit in Jul-Sept
This story was originally published at 15:48 IST on 28 October 2025
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--TVS Motor Jul-Sept net profit INR 9.06 bln
--Analysts saw TVS Motor Jul-Sept net profit at INR 9.58 bln
--TVS Motor Jul-Sept revenue INR 119.05 bln
--Analysts saw TVS Motor Jul-Sept revenue at INR 117.70 bln
--TVS Motor Jul-Sept net profit INR 9.06 bln vs INR 6.63 bln year ago
--TVS Motor Jul-Sept revenue INR 119.05 bln vs INR 92.28 bln year ago
--TVS Motor Apr-Sept net profit INR 16.85 bln vs INR 12.40 bln year ago
--TVS Motor Apr-Sept revenue INR 219.86 bln vs INR 176.04 bln year ago
--TVS Motor Jul-Sept operating EBITDA INR 15.09 bln vs INR 10.80 bln yr ago
--TVS Motor Jul-Sept operating EBITDA margin 12.7% vs 11.7% year ago
By Anand JC
MUMBAI – TVS Motor Co. Ltd. reported record high revenue and net profit for the September quarter, driven primarily by record high despatches in the period. The company also booked record-high operating earnings before interest, tax, depreciation, and amortisation for the quarter.
The Chennai-based automotive giant reported a net profit of INR 9.06 billion for the quarter, up 37% on year. Analysts had forecast the company's net profit at INR 9.58 billion.
Its revenue from operations increased to INR 119.05 billion for the September quarter, up just over 29% on year. Consensus estimates had pegged TVS Motor's top line at INR 117.70 billion. The 29% year-on-year growth in revenue is the fastest recorded by the company in 13 quarters.
TVS Motor's operating EBITDA stood at INR 15.09 billion for the reporting quarter, up 40% from INR 10.80 billion booked a year ago. Its operating EBITDA margin improved to 12.7%, up 100 basis points from the year-ago quarter.
TVS Motor sold a record-high 1.5 million units in the September quarter, up 23% from 1.3 million units a year ago. Of this, the company sold 673,000 motorcycles, up nearly 20% on year, and 639,000 scooters, up just over 30% on year.
The company's total expenses during the September quarter also grew at their fastest pace in 13 quarters at 27% on year to INR 106.58 billion. The cost of materials consumed forms the bulk of TVS Motor's overall costs, at nearly 81%. Input costs incurred by TVS Motor grew 33% on year to INR 86.27 billion during the quarter. Prices of certain key base and precious metals, such as Chinese cold-rolled steel, aluminium, copper, rubber, and palladium, increased sequentially, according to a report from Kotak Securities Ltd. Other expenses of TVS Motor grew 27% on year to INR 13.32 billion.
For Apr-Sept, TVS Motor reported a net profit of INR 16.85 billion, up nearly 36% from the year-ago period. Revenue in these six months grew to INR 219.86 billion, up almost 25% from the year-ago period.
The company disclosed its earnings for the September quarter before the stock market closed. Tuesday, shares of TVS Motor closed 2% lower at INR 3,562 on the National Stock Exchange. End
Edited by Rajeev Pai
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