TVS Motor Q3FY25 Results: Net Profit Rises 20% to ₹609 Crore on Strong Sales

TVS Motor Company, a leading two-wheeler manufacturer, reported a 20% year-on-year (YoY) increase in net profit for the third quarter of FY25 (October–December 2024). The company’s profit rose to ₹609.35 crore, compared to ₹509.61 crore in the same period last year. This growth was driven by a 10% increase in total vehicle sales and strong demand for electric vehicles (EVs).

Revenue and Expenses

• Revenue from operations grew 10% YoY to ₹11,135 crore, up from ₹10,114 crore in Q3FY24.
• Operating EBITDA margin reached an all-time high of 11.9%, improving by 70 basis points compared to last year.
• Total expenses increased to ₹10,273 crore, compared to ₹9,363 crore in the same quarter last year.

Sales Performance

• Total two-wheeler and three-wheeler sales, including exports, grew 10% YoY to 1.212 million units, up from 1.101 million units in Q3FY24.
• Motorcycle sales increased 6% to 5.56 lakh units, compared to 5.23 lakh units last year.
• Scooter sales surged 22% to 4.93 lakh units, up from 4.04 lakh units in Q3FY24.
• Three-wheeler sales declined to 29,000 units, compared to 38,000 units last year.
• Electric scooter sales saw a massive 57% growth, reaching 76,000 units, up from 48,000 units in Q3FY24.

TVS Motor continues to expand its presence in the EV segment while maintaining steady growth in overall vehicle sales.

About TVS Motor Company Ltd

TVS Motor Company Ltd (TVSM) is a leading manufacturer of two-wheelers and three-wheelers, along with their accessories. TVSM is a major player in the two-wheeler industry and the only company operating across all three segments—motorcycles, scooters, and mopeds—serving both domestic and international markets. It is the only company with a presence in the moped segment for the Indian market.

TVS Motor Company share price surged 6.08% to ₹2,477.75 as of 9:45 AM IST on January 29. The stock opened at ₹2,359.00 and reached a high of ₹2,539.20.

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