TVS Motor Q3 FY25 Financial Results: Profit and Revenue Growth

3312 Views

Updated On: 04-Feb-2025 08:42 AM

In Q3 FY25, three-wheeler sales stood at 0.29 lakh units, lower than 0.38 lakh units in the same quarter last year.

Key Highlights:

TVS Motor's Q3 FY25 PBT rose 8% YoY to Rs. 837 crores despite a Rs. 41 crore loss.
Operating EBITDA grew 17% YoY to Rs. 1,081 crores, with a record 11.9% margin.
Nine-month revenue hit Rs. 26,701 crores (+13% YoY), while PBT rose 19% to Rs. 2,517 crores.
Two-wheeler and three-wheeler sales rose 10% YoY to 12.12 lakh units in Q3 FY25.
EV sales surged 40% YoY to 2.03 lakh units in nine months.

TVS Motor has reported an 8% year-on-year (YoY) increase in profit before tax (PBT) for the third quarter (Q3) of the financial year 2024-2025. The PBT reached Rs. 837 crores, compared to Rs. 775 crores in the same period last year. However, this quarter’s PBT includes a fair valuation loss of Rs. 41 crores, whereas the previous year’s Q3 had a gain of Rs. 65 crores.

The company’s operating EBITDA grew 17% YoY to Rs. 1,081 crores, up from Rs. 924 crores in Q3 FY24. The EBITDA margin improved to 11.9%, the highest so far, compared to 11.2% recorded in the third quarter of 2023-2024.

For the nine months ending in December 2024, TVS Motor recorded:

Operating revenue: Rs. 26,701 crores (+13% YoY)
Operating EBITDA: Rs. 3,121 crores (+21% YoY)
PBT: Rs. 2,517 crores (+19% YoY)
Profit after tax (PAT): Rs. 1,858 crores (+16% YoY)

TVS Three-Wheeler Sales Performance

In Q3 FY25, three-wheeler sales stood at 0.29 lakh units, lower than 0.38 lakh units in the same quarter last year. However, total sales of two-wheelers and three-wheelers (including exports) increased by 10% YoY to 12.12 lakh units sold in the quarter ending in December 2024, compared to 11.01 lakh units sold in the quarter ending in December 2023.

For the nine months ending in December 2024:

Three-wheeler sales: 0.98 lakh units (down from 1.16 lakh units last year)
Electric vehicle (EV) sales: 2.03 lakh units (+40% YoY), compared to 1.44 lakh units last year

Also Read: TVS Motor to Set Up Hub in Dubai to Strengthen Overseas Business

CMV360 Says

TVS Motor has delivered strong financial growth in Q3 FY25, driven by higher two-wheeler and EV sales. Despite a decline in three-wheeler sales and valuation losses, the company’s improved EBITDA margin and rising profits indicate steady market expansion. The surge in EV sales highlights the growing demand for electric mobility.