- TVS Motor's Q4 net profit rose 31.1% to Rs 998 crore, below estimates
- Q4 revenue grew 34.1% to Rs 12,808 crore, matching market expectations
- EBITDA increased 26.3% to Rs 1,680 crore; margin fell 80 basis points to 13.1%
TVS Motor Company posted a 31.1% year-on-year rise in net profit to Rs 998 crore for the fourth quarter of FY25, falling short of Bloomberg's consensus estimate of Rs 1,041 crore, even as revenue broadly met expectations.
Revenue for the quarter grew 34.1% to Rs 12,808 crore, compared with Rs 9,550 crore in the year-ago period and broadly in line with the street's Rs 12,812 crore forecast. EBITDA rose 26.3% to Rs 1,680 crore, though the margin contracted 80 basis points year-on-year to 13.1% from 13.9%.
TVS Motors share price shot up just after the Q4 result
Photo Credit: NDTV Profit
Notably, TVS accrued its entire FY25 Production Linked Incentive (PLI) benefit during Q4 itself. Stripping that out, normalised EBITDA margin stood at 12.5% for the quarter — still reflecting a 60 basis point improvement year-on-year on an underlying basis, pointing to steady operational gains beneath the headline numbers.
The results were complemented by a strong April sales performance. Total volumes climbed 7% year-on-year to 4.73 lakh units, with domestic and export two-wheelers up 6% at 4.55 lakh units. Electric vehicle sales were the standout, surging 36% to 37,771 units, driven by new launches, expanding charging infrastructure, and improving affordability. Three-wheeler sales were equally robust, rising 37% to 18,637 units on the back of firm last-mile mobility demand in urban and semi-urban markets.
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