TVS Motor Company reported a strong performance for Q3 FY25, with its net profit rising by 4.2% year-on-year to Rs 618 crore, supported by higher sales volumes and operational efficiency.
Revenue from operations increased 10% YoY to Rs 9,097 crore from Rs 8,245 crore in the corresponding quarter of last year, driven by sustained demand across TVS Motor’s portfolio.
Operating EBITDA climbed up by 17% yoy at Rs 1,081 crore, up from Rs 924 crore in Q3 FY24. Its EBITDA margin widened to all-time high at 11.9%, as compared with 11.2% posted a year earlier. Its PBT advanced 8% at Rs 837 crore. Its PBT excludes the mark to market impact in cash, in other investments under Corporate of a valuation loss of Rs 41 crore while includes such gains amounting to Rs 65 crore for the three months ending Dec-23 (Q3).
The total sales of two-wheelers and three-wheelers of TVS Motor, including exports, rose 10% to 12.12 lakh units during the quarter, against 11.01 lakh units a year ago. Within the segments, scooter sales surged 22% to 4.93 lakh units and motorcycle sales were up 6% at 5.56 lakh units. Three-wheeler sales, however, declined to 0.29 lakh units from 0.38 lakh units in Q3 FY24.
Electric vehicle sales surged 57% to 0.76 lakh units in Q3 FY25, reflecting a growing focus from the company at the EV segment.
For the nine months ending December 2024, TVS Motor’s two-wheeler sales went up 14% YoY to 34.29 lakh units, with scooters up 19% while motorcycles were 10% up. EVs jumped 40% during the period to 2.03 lakh units. Three wheeler sales came down to 0.98 lakh units from 1.16 lakh units.
After the announcement of results, the shares of TVS Motor surged over 5% and were trading at Rs 2,348 on NSE, reflecting healthy investor sentiment.
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Source: Moneycontrol
News Desk
