TVS Motor Company net profit rises 20% to ₹609 crore, revenue up 10%

Revenue from operations rose 10% to ₹11,134.63 crore in the third quarter of the financial year 2024-25, compared to ₹10,113.94 crore a year back.

The company's Board also approved Venu Srinivasan's reappointment as Chairman Emeritus and Managing Director for five years, effective April 24.

TVS Motor share price

Following the earnings announcement, TVS Motor Company shares were trading 5.45% higher at ₹2,353 apiece on the NSE at 1:39 pm.

Its market capitalisation stood at ₹1,11,788.00 crore.

In an exchange filing, it also informed the amalgamation of Sundaram Auto Components Ltd with TVS Motor Company. The transferor firm is a wholly owned subsidiary of the company.

Sundaram Auto Components manufactures injection moulded plastic components and assemblies for different application areas in the automotive segment and non-automotive applications.

TVS Motor sales

The company's overall sales, including exports, rose by 10% to 12.12 lakh units in Q3 FY25, compared to 11.01 Lakh units in the quarter ended December 2023.

Motorcycle sales rose 6% year-on-year (YoY) to 5.56 lakh units in the three-month period ended December 2024. Scooter sales grew 22% YoY to 4.93 lakh units.

Three-wheeler sales for the reporting quarter were 0.29 lakh units, down from 0.38 lakh units in Q3 FY24.

Electric Scooter sales jumped 57% at 0.76 lakh in the latest October-December quarter, compared to 0.48 lakh units in the corresponding period last fiscal.

In the quarter under review, the company unveiled the TVS RTXD4 engine at the 2024 Motosoul bike festival in Goa. It also launched the TVS Raider iGO Variant and TVS Apache RTR 160 4V. The all-new TVS iQube with a 2.2 kWh battery variant was launched in Nepal and Sri Lanka.