Two-wheeler giant TVS Motor Company reported a whopping 76% jump in net profit at Rs 852 crore for the quarter ending March 31, 2025, compared to Rs 485.43 crore recorded in the same period last year. Revenue from operations also witnessed a strong 17% year-on-year growth, reaching Rs 9,550 crore.
TVS Motor's total sales of two-wheelers and three-wheelers, including exports, rose 14% year-on-year to 12.16 lakh units during the quarter. Within this, motorcycle sales grew 10%, while scooter sales jumped 27%. Electric vehicle (EV) sales saw an even sharper rise, climbing 54% year-on-year.
During the year ended March 2025, overall two-wheeler and three-wheeler sales grew by 13% to 47.44 lakh units, compared to 41.91 lakh units in 2023-24. Motorcycle sales during the fiscal year grew 10%, recording 21.95 lakh units compared to 19.90 lakh units in the previous year.
Notably, electric vehicle sales grew by 44%, registering 2.79 lakh units in FY25, compared to 1.94 lakh units during FY24.
Scooter sales during the fiscal year rose 21% to 19.04 lakh units, against 15.70 lakh units in the year ended March 2024.
Three-wheeler sales for FY25 stood at 1.35 lakh units, slightly down from 1.46 lakh units in FY24.
The company achieved its highest-ever quarterly operating EBITDA at Rs 1,333 crore in Q4 FY25, up from Rs 926 crore reported in Q4 FY24.
"During the quarter, the company recognized Production Linked Incentive (PLI) pertaining to the full financial year 2024-25 based on the progress made in line with the Ministry of Heavy Industries’ Standard Operating Procedure (SOP) on PLI," TVS Motor said in an exchange filing.
For the full financial year ended March 31, 2025, TVS Motor posted its highest-ever annual revenue at Rs 36,251 crore, an increase of around 14% from Rs 31,776 crore in FY24. The company’s profit after tax (PAT) for FY25 also improved, rising to Rs 2,711 crore.
TVS Motor's share prices closed at Rs 2,803 apiece on April 28, up 2.48%.
