TVS Motor Q3 Results: Net Profit Surges 4.4% YoY at Rs 618 Cr
TVS reported a standalone profit of ₹618 crore in the December quarter, up 4.2% YoY, compared to ₹593 crore in the corresponding period a year earlier.
TVS Motor Q3 Results: Net Profit Surges 4.4% YoY at Rs 618 Cr
Chennai-based TVS Motor Company reported its Q3 earnings today. The two-wheeler major clocked a standalone profit of ₹618 crore in the December quarter, compared to ₹593 crore in the corresponding period a year earlier.
While revenue from operations surged at ₹9,097 crore, up 10% YoY, profit after tax (PAT) came at ₹657 crore, which was way below estimates.
Following the announcement of the quarterly results, shares of TVS Motors soared by 5.5% at ₹2,356.95 on the NSE.
On a sequential basis, net profit slumped by 6.6%, compared to ₹663 crore reported in Q2FY25. Sales declined by 14% QoQ versus ₹9,228 crore in the September quarter.
Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) soared by 17% at ₹1,081 crores, compared to ₹924 reported in the previous quarter.
Overall, two-wheeler and three-wheeler sales (including exports) surged by 10% clocking registering 12.12 lakh units in the December quarter against 11.01 lakh units in the previous quarter a year earlier.
