TVS Motor Q4 Results: Profit Jumps 75%, Revenue Up 15%, EV & Export Sales Surge
Business and Industry Overview:
TVS Motor Company Ltd is a big two-wheeler and three-wheeler company in India. Its head office is in Chennai, Tamil Nadu. It is part of the TVS Group. It is the third-largest motorcycle company in India by revenue. The company was started by T. V. Sundaram Iyengar. TVS sells its vehicles in over 60 countries. It makes many types of vehicles. These include motorcycles like Apache, Raider, and Star City. It also makes scooters like Jupiter, Scooty, and Ntorq. TVS makes mopeds like XL100. It also makes electric scooters like iQube. The company makes three-wheelers too. They are sold under the TVS King brand. TVS has four factories. Three are in India – in Hosur, Mysuru, and Nalagarh. One is in Karawang, Indonesia. In 2013, TVS worked with BMW Motorrad. They made bikes under 500cc. They made bikes like BMW G310R. In 2020, TVS bought Norton Motorcycles. Norton is a British bike company. TVS cares about quality and new ideas. It was the first Indian company to win the Deming Prize. TVS has good research and a strong racing team. It is also working more on electric vehicles. TVS Motor is a strong company in India and other countries.
Latest Stock News:
On April 29, 2025, TVS Motor Company’s share price went down. It fell by 4.4% during the day. The lowest price on the Bombay Stock Exchange (BSE) was ₹2,679. The reason for this fall was the company’s Q4 results. In the fourth quarter of FY2024, TVS Motor made a profit of ₹485 crore. This is 18.3% higher than the year before. Revenue also went up by 24%, reaching ₹8,169 crore. However, the company had to pay more for materials and taxes. Material costs went up by 23%, and taxes increased by 37%. Even with these higher costs, TVS kept growing because of higher sales. The company made good profit, but many investors sold their shares. The company is doing well. In March 2025, it announced a dividend. It will give ₹10 for each share. This is called an interim dividend. The total payout is ₹475 crore. The record date was March 26, 2025. Investors liked this news. That is why the stock price increased. Earlier in January 2025, the stock price also went up. The company shared its Q3 results. This is for the months October to December 2024. TVS made a profit of ₹618.5 crore. This is 4.2% more than last year. The total income was ₹9,097 crore. This is 10% higher than before. The company also made ₹1,081 crore as EBITDA. EBITDA margin was 11.9%. These results were strong. Investors felt happy. TVS is also selling more vehicles. In February 2025, it sold 403,976 units. This is 10% more than February 2024. Two-wheeler sales were 391,889 units. Scooter sales grew by 24%. It sold 164,415 scooters. EV sales also went up. It sold 24,017 electric vehicles. That is 34% more than last year. Exports are also growing. In February 2025, exports were 124,993 units. This is 26% higher. In January 2025, exports were 101,055 units. This is a 46% rise. Two-wheeler exports in January were 93,811 units. That is 52% more than last year.
Segmental information:
- Two-Wheelers: This is the biggest part of TVS Motor’s business. It makes many types of motorcycles and scooters. In the fourth quarter of FY2024, TVS sold over 1 million two-wheelers. This was 23% more than the year before. Some popular models are the Apache series, Jupiter, Raider, and Ntorq. This segment does very well because many people like these vehicles.
- Three-Wheelers: TVS also makes three-wheelers, which are smaller than two-wheelers. These are used for passenger transport or carrying goods. The three-wheeler sales are not as high as two-wheelers, but it still brings steady income for TVS. They sell these under the TVS King brand. These vehicles are especially popular in small towns and villages.
Subsidiary information:
1. Ultraviolette Automotive: Ultraviolette makes electric vehicles. TVS Motor invests in it. It launched the F77 electric motorcycle and plans to sell in Europe.
2. TVS SCS Rico: This company is based in the UK. It provides delivery and IT support services. It is owned by TVS Supply Chain Solutions, which is part of the TVS Group.
3. TVS Supply Chain Solutions (TVS SCS): This company helps with logistics and supply chain services. It works in many countries, including the UK. It is an important part of the TVS Group.
4. TVS Electronics: This company makes products like printers and point-of-sale machines. It is part of the TVS Group.
5. TVS Credit Services: This company provides financial services. It gives loans and insurance to help customers buy vehicles and products.
6. TVS Next: TVS Next offers technology services. It helps businesses with software and IT solutions.
7. TVS Emerald: TVS Emerald is a real estate company. It builds homes and office buildings.
Q4 Highlights:
- Revenue grew by 15% compared to last year, reaching ₹9,395 crore.
- EBITDA increased by 27% to ₹1,177.2 crore.
- EBITDA margin went up by 120 basis points to 12.5%.
- The adjusted net profit grew by 75.5% to ₹852 crore.
Financial Summary:
| Amount in ₹ Crore | Q4 FY24 | Q4 FY25 | FY24 | FY25 |
| Revenue | 9,942 | 11,542 | 39,145 | 44,089 |
| Expenses | 8,487 | 9,638 | 33,645 | 37,514 |
| EBITDA | 1,455 | 1,904 | 5,500 | 6,575 |
| OPM | 15% | 16% | 14% | 15% |
| Other Income | -34 | -57 | 106 | 99 |
| Net Profit | 412.00 | 698 | 1,779 | 2,380 |
| NPM | 4.14 | 6.05 | 4.54 | 5.40 |
| EPS | 8.15 | 13.64 | 35.5 | 47.06 |