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TVS Motor shares rise over 6% post-Q3 results

While the company's net profit rose by 4.2 percent on a year-on-year (y-o-y) basis, revenue from operations marked a 10 percent rise.

January 29, 2025 / 12:12 IST
TVS Motor shares gain over 6% in extended impact of Q3FY25 earnings
     
     
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    TVS Motor shares gained over 6 percent on January 29 post-December quarter results.

    TVS Motor shares are currently trading at Rs 2,486 apiece, 6.43 percent higher.

    Read about Stock Market updates LIVE

    The company's net profit rose by 4.2 percent on a year-on-year (y-o-y) basis, to Rs 618 crore during the third quarter of this fiscal year. It was attributed to higher sales volumes and higher operational efficiency. Revenue from operations reached Rs 9,097 crore, marking a 10 percent rise year-on-year, from Rs 8,245 crore reported in the same quarter of the previous year.

    The operating EBITDA increased by 17 percent YoY, to Rs 1,081 crore, as against Rs 924 crore in Q3 FY24. EBITDA margin rose to 11.9 percent from 11.2 percent a year ago. Profit before tax (PBT) was Rs 837 crore, marking an increase of 8 percent compared to Rs 775 crore in Q3FY24. PBT figure includes a fair valuation loss of Rs 41 crore during the quarter, in contrast to a gain of Rs 65 crore recorded in the same period last year.

    TVS Motor's overall two-wheeler and three-wheeler sales, including exports, grew by 10 percent to 12.12 lakh units during the quarter, up from 11.01 lakh units in the year-ago quarter. Among product segments, scooter sales surged 22 percent year-on-year to 4.93 lakh units, while motorcycle sales increased by 6 percent to 5.56 lakh units. However, three-wheeler sales declined to 0.29 lakh units from 0.38 lakh units in Q3 FY24.

    Electric scooter sales showed exceptional growth, rising 57 percent to 0.76 lakh units in Q3 FY25, compared to 0.48 lakh units in the same quarter last year, underlining the company’s growing focus on the EV segment.

    The nine months ended December 2024 posted 14 percent gains YoY basis, in TVS Motor’s two-wheeler sales, including exports. Therefore, taking it to 34.29 lakh units. In the three-wheeler segment, however, sales reduced to 0.98 lakh units as against 1.16 lakh units in terms of the nine months' performance.

    The shares saw a gain of over 5 percent post Q3 results release, reaching Rs 2,348 on NSE.

    Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

    Moneycontrol News
    first published: Jan 29, 2025 12:11 pm

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