TVS Motor Company Limited — Board Meeting, 28-01-2025: Outcome of Board Meeting

The Board has approved the unaudited standalone and consolidated financial results for the quarter ended December 31, 2024. The Company reported a revenue of ₹9,097 Cr for the quarter, marking a 10% increase year-on-year. EBITDA rose by 17% to ₹1,081 Cr, resulting in a margin of 11.9%. Profit Before Tax (PBT) reached ₹837 Cr, up from ₹775 Cr, despite a fair valuation loss of ₹41 Cr. Additionally, the Company acquired a further 39.11% stake in DriveX Mobility, increasing its holding to 87.38%, making DriveX a subsidiary. The board also approved a Scheme of Amalgamation with Sundaram Auto Components Limited.