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TVS Motor Q2 Results FY24-25 Highlights: Cons Revenue at ₹11,301 Cr, PAT at ₹588 Cr

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TVS Motor Company has announced its financial results for the second quarter of FY24-25, showcasing strong performance across key metrics. The company reported consolidated revenue of ₹11,301 crore, marking a significant increase of 13.8% compared to ₹9,932.82 crore in the same quarter last year. Additionally, the company posted a profit after tax (PAT) of ₹588 crore, representing an impressive 41.4% year-on-year (YoY) growth.

The company’s operating EBITDA also witnessed substantial growth, rising 20% YoY to ₹1,080 crore, with an improvement in margins to 11.7%. These figures underline TVS Motor's robust financial health and ability to adapt in a competitive market, supported by strong demand for both its internal combustion engine (ICE) and electric vehicles (EVs).

Key Highlights/Quick Insights TVS Motor Q2 Results FY24-25

  • Revenue: ₹11,301 crore, up 13.8% YoY from ₹9,932.82 crore.
  • PAT: ₹588 crore, a 41.4% increase from ₹415.93 crore in Q2 FY24.
  • Operating EBITDA: ₹1,080 crore, representing a 20% YoY growth, with margins improving to 11.7%.

TVS MOTOR COMPANY LTD

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2458.911.69 (0.47 %)

Updated - 30 October 2024
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Quarterly TVS Motor Q2 Results FY24-25 Performance

For the second quarter, TVS Motor exhibited strong performance across its key business verticals. The automotive division, which includes both ICE and EV products, was the primary driver of growth. The automotive vehicles and parts segment generated ₹9,595.93 crore, up by 10% YoY. Financial services also contributed significantly, adding ₹1,634.30 crore to the company’s overall revenue.

This strong performance comes in the backdrop of expanding demand for electric vehicles, as TVS Motor continues to push forward with innovative product offerings. The quarter's results reflect TVS Motor’s strategic focus on maintaining a balance between traditional business segments and emerging opportunities in the EV market.

Segment Highlights for TVS Motor Q2 Results FY24-25

TVS Motor's automotive vehicles and parts segment performed exceptionally well, generating ₹9,595.93 crore, a 10% YoY growth. This segment continues to be the backbone of TVS’s operations. Additionally, financial services contributed ₹1,634.30 crore, further boosting the company's overall revenue.

Sector Expectations for TVS Motor Q2 Results FY24-25

TVS Motor’s results are at par with market expectations, particularly in the electric vehicle (EV) segment. The growing demand for EVs, combined with TVS’s push towards expanding its product range in this sector, enabled the company to outperform its peers.

Management Commentary

The management expressed confidence in TVS Motor’s growth trajectory, citing the company’s expanding EV portfolio and improved margins as critical success factors. TVS is committed to sustaining margin expansion while continuing to innovate in the EV space. The management also highlighted their focus on long-term growth by maintaining strategic investments in research and development.

TVS Motors Q2 FY24-25 Financial Highlights:

Metrics

Q2 FY25

Q2 FY24

% Change

Revenue from Operations (₹ Cr)

11,301.68

9,932.82

13.80%

Profit After Tax (PAT) (₹ Cr)

588.13

415.93

41.40%

Operating EBITDA (₹ Cr)

1,080.00

900

20.00%

EBITDA Margin (%)

11.70%

10.60%

1.10%

Earnings Per Share (EPS) (₹)

11.80

8.13

-

Check out TVS’ past performances in previous quarters and financial years. 

Conclusion

TVS Motor has delivered a solid quarter, driven by growth in both its core automotive division and emerging electric vehicle segment. The company’s ability to balance traditional revenue streams with new opportunities in the EV market is a positive signal for investors. With revenue up 13.8% YoY and PAT increasing by 41.4%, TVS Motor is well-positioned for continued growth and profitability in the coming quarters.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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