TVS Motor Q4 Results: Profit Rises 18.31%, But Misses Estimates

TVS Motor Co.'s net profit rose in the fourth quarter of fiscal 2024, though it missed analysts' estimates.

Net profit of the Chennai-based automaker increased 18.31% year-on-year to Rs 485.43 crore in the January-March period, on the back of revenue that rose 23.68% to Rs 8,168.84 crore, according to an exchange filing on Wednesday.

Analysts polled by Bloomberg had estimated the top line at Rs 7,975 crore and the bottom line at Rs 530.40 crore.

• Revenue up 23.68% to Rs 8,168.84 crore versus Rs 6,604.78 crore (Estimate: Rs 7,975 crore).

• Ebitda up 36.25% to Rs 926.18 crore versus Rs 679.76 crore (Estimate: Rs 883 crore).

• Ebitda margin expands 104 bps to 11.33% versus 10.29% (Estimate: 11.10%).

• Net profit up 18.31% to Rs 485.43 crore versus Rs 410.27 crore (Estimate: Rs 530.40 crore).

Note: One basis point is one-hundredth a percentage point.

(This is a developing story).