TVS Motor Q4 PAT rises 76%

CHENNAI: TVS Motor Company clocked a 76% jump in Q4 net profit at just over Rs 852 crore, up from Rs 485.4 crore in the year-ago period.
The company’s FY24-25 PAT tally at Rs 2710.54 crore was up 30% from Rs 2083 crore in the fiscal before. The two and three-wheeler maker posted its highest ever revenue for the financial year 2024-25 at Rs 36,251 crore registering a growth of 14% as against Rs 31,776 crore recorded in 2023-24.For Q4, revenue from operations grew by 17% at Rs 9,550 crore as against Rs 8,169 crore in the quarter ended March 2024.
The company’s EV sales grew by 44% to 2.79 lakh units for FY24-25 as against 1.94 lakh units last fiscal. For Q4, EVs grew 54% at 76,000 units up from 49,000 units last Q4.
Speaking at an investor call on Monday, KN Radhakrishnan, director & CEO, TVS Motor Co, said: “The electric vehicle revenue for the year is Rs 3,364 crore and for Q4 that tally is Rs 889 crore.”
Operating EBITDA for the year improved by 120 bps at 12.3% over the last year while PBT grew by 31% at Rs 3,629 crore as compared to Rs 2,781 crore in the previous year. For Q4 the company posted highest ever operating EBITDA of Rs 1,333 crore as against Rs 926 crore last Q4.Profit before tax was Rs 1,112 crore as against Rs 672 crore last Q4. The company’s operating EBITDA margin was at 14% in Q4. Excluding the PLI benefit of previous quarters, Q4 EBITDA margin would be at 12.5% as against 11.3% during Q4 of last year.
The company’s overall two and three-wheeler sales grew by 13% at 47.44 lakh units up from 41.91 lakh units in 2023-24. In Q4, overall sales including exports grew by 14% at 12.16 lakh units.