Hot Pursuit     24-Oct-24
TVS Motor Q2 PAT climbs 23% YoY to Rs 663 crore
TVS Motor Company reported 23.49% increase in standalone net profit to Rs 662.62 crore in Q2 FY25 as compared to Rs 536.55 crore posted in Q2 FY24.
Revenue from operations rose 13.30% YoY to Rs 9,228.24 crore in the September 2024 quarter.

Profit before tax stood at Rs 897.22 crore in second quarter of FY25, up 23.98% from Rs 723.65 crore posted in same quarter last year.

The company posted its highest ever operating EBITDA of Rs 1,080 crore in Q2 FY25, registering a growth of 20% as against Rs 900 crore posted in second quarter of FY24. EBITDA margin significantly improved by 70bps at 11.7% in Q2 FY25 as against 11% in the quarter ended September 2023.

The overall two-wheeler and three-wheeler sales including exports grew by 14% registering highest ever quarterly sales of 12.28 lakh units in the quarter ended September 2024 as against 10.74 lakh units registered in the quarter ended September 2023.

Motorcycle sales grew by 14% registering 5.60 lakh units in the quarter ended September 2024 as against 4.93 lakh units in quarter ended September 2023.

Scooter sales for the quarter ended June 2024 grew by 17% to 4.90 lakh units as against 4.20 lakh units in the second quarter of FY24.

Two wheeler exports grew by 16% registering 2.78 lakh units in the quarter ended September 2024 as against 2.39 lakh units in the quarter ended September 2023.

Three wheeler sales in Q2 FY25 stood at 0.38 lakh units as against 0.43 Lakh units during second quarter of FY25.

During the quarter under review, the company’s EV sales grew by 31% registering highest ever quarterly sales of 0.75 lakh units in the quarter ended September 2024 as against 0.58 lakh units during quarter ended September 2023.

On half year basis, the company’s standalone net profit increased 23.47% to Rs 1,239.94 crore on 14.58% rise in revenue to Rs 17,603.83 crore in H1 FY25 over H1 FY24.

TVS Motor Company is a reputed two and three-wheeler manufacturer globally. It has four manufacturing facilities in Hosur, Mysuru and Nalagarh in India and Karawang in Indonesia. TVS Motor's group company Norton Motorcycles, based in the United Kingdom, is one of the most emotive motorcycle brands in the world. Its subsidiaries in the personal e-mobility space, Swiss E-Mobility Group (SEMG) and EGO Movement have a leading position in the e-bike market in Switzerland.

The scrip shed 0.92% to currently trade at Rs 2,541.65 on the BSE.

Previous News
  TVS Motor Company
 ( Results - Analysis 29-Jan-25   09:22 )
  Sensex, Nifty surge over 1%; consumer durables shares advance
 ( Market Commentary - Mid-Session 02-Jan-25   14:36 )
  TVS Motor Company consolidated net profit rises 18.23% in the December 2024 quarter
 ( Results - Announcements 28-Jan-25   14:01 )
  Volumes jump at TVS Motor Company Ltd counter
 ( Hot Pursuit - 21-Jan-25   11:00 )
  TVS Motor Company consolidated net profit rises 6.12% in the June 2024 quarter
 ( Results - Announcements 06-Aug-24   14:52 )
  TVS Motor Company Ltd rises for third consecutive session
 ( Hot Pursuit - 16-Jan-25   13:05 )
  TVS Motor jumps after PAT rises 4% YoY to Rs 618 crore in Q3 FY25
 ( Hot Pursuit - 28-Jan-25   16:01 )
  TVS Motor rises after total monthly sales climb 7% YoY in Dec'24
 ( Hot Pursuit - 02-Jan-25   13:50 )
  TVS Motor showcases its electric scooter - TVS iQube at Makina Motoshow in Manila
 ( Corporate News - 27-Apr-24   11:26 )
  TVS Motor Company Ltd soars 3.42%, Gains for third straight session
 ( Hot Pursuit - 02-Jan-25   13:05 )
  TVS Motor Q1 PAT climbs 23% YoY to Rs 577 crore
 ( Hot Pursuit - 06-Aug-24   14:46 )
Other Stories
  Cupid Q3 PAT jumps 25% to Rs 11 cr
  15-Feb-25   15:46
  AGS Transact Tech Q3 net loss widens to Rs 194 cr
  15-Feb-25   15:04
  Swan Energy Q3 PAT soars 406% YoY to Rs 583 cr
  15-Feb-25   12:45
  Genesys Intl Q3 PAT climbs 32% YoY to Rs 21 cr
  15-Feb-25   12:15
  PTC Industries Q3 PAT spurts 76% YoY to Rs 14 cr
  15-Feb-25   11:34
  RVNL Q3 PAT slides 13% YoY to Rs 311 crore
  15-Feb-25   10:47
  BHEL bags Rs 6,700 crore power project from Singareni Collieries
  15-Feb-25   09:48
  Mahindra & Mahindra's electric SUVs see 30,179 bookings on day 1
  15-Feb-25   09:32
  Reliance Industries acquires Lakadia B Power Transmission
  15-Feb-25   09:21
  Ethos rises after Q3 PAT climbs 15% YoY to Rs 29 cr
  14-Feb-25   15:12
Back Top