TVS Motor Company has announced stellar financial results for the fourth quarter (Q4) and the full fiscal year ending March 31, 2025 (FY25), showcasing significant growth in profitability and sales volumes, particularly boosted by its electric vehicle segment.
The Hosur-based two- and three-wheeler giant reported its Q4 FY25 earnings on April 28, 2025, beating market expectations and demonstrating strong operational performance.
Financial Highlights: Q4 FY25 Performance
TVS Motor delivered a powerful performance in the final quarter of the fiscal year 2024-25:
- Net Profit: Standalone net profit witnessed a remarkable surge of 75.74% year-on-year (YoY), reaching ₹853.12 crore, compared to ₹485.43 crore in Q4 FY24. Some sources reported a consolidated net profit jump of 67.5% YoY to ₹648.16 crore from ₹386.98 crore in Q4 FY24.
- Revenue from Operations: Standalone revenue grew by a healthy 16.91% YoY to ₹9,550.44 crore from ₹8,168.84 crore in the corresponding quarter last year. Consolidated revenue was reported at ₹11,542.00 crore, up 16.09% YoY.
- EBITDA: The company achieved its highest-ever quarterly Operating EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) on a standalone basis at ₹1,332.63 crore, a significant 44.42% YoY increase.
- EBITDA Margin: Profitability improved substantially, with the standalone EBITDA margin expanding by 265 basis points YoY to 13.95% (or 14.0%). This improvement was aided by factors including sales volume growth, favourable product mix, cost control measures, and the recognition of Production Linked Incentives (PLI) for FY25 during the quarter.
Operational Performance: Sales Volumes Roar Ahead
TVS Motor’s sales momentum continued strongly in Q4 FY25:
- Total Sales: Overall two-wheeler and three-wheeler sales (including exports) grew by 14% YoY, reaching 12.16 lakh units compared to 10.63 lakh units in Q4 FY24.
- Motorcycles: Sales increased by 10% YoY to 5.64 lakh units.
- Scooters: This segment showed robust growth, surging 27% YoY to 5.02 lakh units.
- Electric Vehicles (EVs): The TVS iQube continued its strong run, with EV sales jumping 54% YoY to 0.76 lakh (76,000) units in Q4 FY25, significantly contributing to the company’s growth.
- Three-Wheelers: Sales grew by 21% YoY to 0.37 lakh units.
- Exports: International business also showed strength, with exports growing 31% YoY to 3.40 lakh units in the quarter.
Image source: Moneycontrol
Full Year FY25 Snapshot: A Record-Breaking Year
The strong Q4 performance capped off a record-breaking year for TVS Motor Company:
- Record Sales: The company achieved its highest-ever annual sales, crossing 4.74 million units in FY25, a 13% increase over FY24 (4.19 million units).
- Record Revenue & Profit: TVS reported its highest-ever annual standalone revenue at ₹36,251 crore (up 14% YoY) and highest-ever standalone Profit After Tax (PAT) at ₹2,711 crore (compared to ₹2,083 crore in FY24).
- Annual EV Sales: Full-year EV sales grew 44% to 2.79 lakh units, showcasing sustained momentum in the electric segment.
Key Takeaways
TVS Motor’s Q4 FY25 results highlight several positive trends:
- Strong Profitability Growth: Significant improvement in net profit and EBITDA margins indicates enhanced operational efficiency and pricing power.
- Robust Volume Growth: Sales increased across key segments, particularly scooters and exports.
- EV Momentum: The electric vehicle segment continues to be a major growth driver, with sales increasing significantly both quarterly and annually.
- Beating Expectations: The company outperformed analyst estimates for revenue, EBITDA, and profit.
TVS Motor Company’s strong finish to FY25, driven by robust demand across its product portfolio and accelerating EV adoption, positions it well for continued growth in the evolving automotive landscape.
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