TVS Motor Reports 10% Revenue Growth in Q3 FY2024-25, EBITDA Surges 17%

Bengaluru, India – January 28, 2025: TVS Motor Company Limited (NSE: TVSMOTOR, BSE: 532343) has announced its Q3 FY2024-25 financial results. The company posted a 10% year-over-year (YoY) revenue growth, supported by strong demand for electric vehicles (EVs), motorcycles, and scooters. The company also achieved its highest-ever EBITDA margin of 11.9%, demonstrating robust operational efficiency.

Key Financial Highlights – Q3 FY2024-25 (Standalone)​

• Revenue from Operations: ₹9,097 crore (YoY growth of 10%)
• EBITDA: ₹1,081 crore (YoY increase of 17%)
• EBITDA Margin: 11.9% (vs. 11.2% in Q3 FY24, highest in company history)
• Profit Before Tax (PBT): ₹837 crore (YoY growth of 8%)
• Profit After Tax (PAT): ₹618 crore (YoY growth of 4%)
• Earnings Per Share (EPS): ₹13.02 per share.

Nine-Month Performance (April – December 2024)​

• Total Revenue: ₹26,701 crore (up 13% YoY)
• EBITDA: ₹3,121 crore (up 21% YoY)
• Profit Before Tax (PBT): ₹2,517 crore (up 19% YoY)
• Profit After Tax (PAT): ₹1,858 crore (up 16% YoY).

Segment-Wise Performance​

1. Two-Wheelers & Three-Wheelers​

• Total Vehicle Sales: 12.12 lakh units in Q3 FY25 (YoY increase of 10%)
• Motorcycle Sales: 5.56 lakh units (up 6% YoY)
• Scooter Sales: 4.93 lakh units (up 22% YoY)
• Three-wheeler sales: 0.29 lakh units (YoY decline from 0.38 lakh units)
• EV Sales: 0.76 lakh units (up 57% YoY).

2. Financial Services​

• Revenue: ₹1,683 crore (YoY growth of 11.5%)
• Profit Before Tax: ₹291 crore.

Strategic Developments & Growth Initiatives​

1. Expansion in Electric Mobility:
   • TVS iQube 2.2 kWh Battery Variant launched in Nepal & Sri Lanka.
   • EV sales saw 40% growth YoY in the first nine months of FY25.
2. New Vehicle Launches:
   • TVS RTXD4 engine unveiled at Motosoul 2024.
   • TVS Raider iGO Variant launched as the fastest 125cc motorcycle in the segment.
   • TVS Apache RTR 160 4V upgraded with USD suspension.
3. Strategic Acquisitions & Investments:
   • Acquired an additional 39.11% stake in DriveX Mobility, making it a subsidiary with 87.38% ownership.
   • ₹744.70 crore investment in wholly-owned subsidiaries.
4. Sundaram Auto Components Merger Approved:
   • The Board approved the Sundaram Auto Components Limited merger with TVS Motor, streamlining operations and enhancing synergies.

Management Commentary​

Prof. Sir Ralf Dieter Speth, Chairman of TVS Motor Company, stated:
"We have continued our growth momentum with a strong Q3, led by our expanding EV portfolio, strategic investments, and customer-centric innovation. Despite global challenges, our disciplined approach to cost optimization and product diversification has helped us maintain strong profitability."

Market Outlook & Investor Focus​

• Demand for premium motorcycles and electric scooters is expected to drive future growth.
• Expansion in international markets, particularly in EVs, is a key focus area.
• Continued investment in R&D and technology upgrades will strengthen TVS Motor's leadership in the two-wheeler and three-wheeler segments.

TVS Motor's strong fundamentals, expanding EV presence, and global ambitions position it well for long-term value creation.