TVS Motor announces a dividend of ₹10 per share for FY25; check details

In a stock exchange filing, the company said, “The Board of Directors at its meeting held today declared an interim dividend of ₹10/- per share (1000%) on 47,50,87,114 equity shares of ₹1/- each fully paid up, absorbing a sum of ₹475 crore, for the financial year ending 31st March 2025.”

The record date for determining the eligibility of shareholders for payment of the second interim dividend is March 26, 2025.

“The interim dividend declared will be paid to those shareholders who hold shares in physical form and/or in electronic form and whose names appear in the Register of Members and/or Depositories, respectively, as at the close of working hours on 26th March 2025, being the Record Date fixed by the Company for this purpose,” the statement further said.

TVS Motor further said that the dividend payment will be made within a period of 30 days from the declaration of the interim dividend, as provided in the Companies Act, 2013.

The development came after the market hours. Shares of TVS Motor gained 1% on Thursday to close at ₹2,343 apiece on the National Stock Exchange. Its market capitalisation stood at ₹1.11 lakh crore.

Over the last six months, since September 20, 2024, the scrip has declined 16.8%. Year-to-date, it has lost 2.64%.

Last month, TVS Motor Company bought a stake in TVS Supply Chain Solutions via a block deal. Allanzers Fin offloaded 20 lakh shares at ₹128.86 apiece, while TVS Motor Company mopped up the same number of shares.

The motorcycle manufacturer had reported a 19.57% increase in its consolidated net profit of ₹609.35 crore in the quarter that ended December 2024. In the year-ago period, the net profit was ₹509.61 crore.

Its 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 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.