TVS Motor Company Limited — Updates, 28-01-2025: Press Release

TVS Motor Company's revenue for the third quarter of 2024-25 increased by 10%, reaching Rs. 9,097 Crores, compared to Rs. 8,245 Crores in the same quarter last year. The company's Operating EBITDA rose by 17% to Rs. 1,081 Crores, achieving a record EBITDA margin of 11.9%, representing a 70 basis points improvement year-over-year. Profit Before Tax (PBT) grew by 8% to Rs. 837 Crores, though it was impacted by a fair valuation loss of Rs. 41 Crores, contrasting with a gain of Rs. 65 Crores in the previous year.

Total sales, including exports, also saw an uptick of 10%, totaling 12.12 Lakh units, with motorcycle sales rising by 6% to 5.56 Lakh units and scooter sales jumping 22% to 4.93 Lakh units. Electric scooter sales surged 57%, reaching 0.76 Lakh units. For the first nine months, revenues increased by 13% to Rs. 26,701 Crores, and cumulative two-wheeler sales grew by 14%, highlighting a robust market position and positive outlook for future growth.