TVS Motors Q3 Revenue Result: Share Price Rises By 5%
While the company's net profit rose by 4.2% on the Y-o-Y basis, revenue from operation marked a 10% rise.
TVS Motors Q3 Revenue Result: Share Price Rises By 5%
TVS Motor has reported an 8% increase in profit before tax for the third quarter, rising to ₹837 crore compared to ₹775 crore in the same period of FY24. The company noted that the profit before tax for this quarter includes a fair valuation loss of ₹41 crore, contrasted with a gain of ₹65 crore for Q3 of the previous year. Operating revenue also saw a boost, climbing 10% to ₹9,097 crore, up from ₹8,245 crore a year earlier.
Earnings before interest, tax, depreciation, and amortization (EBITDA) rose 17% year-on-year, reaching ₹1,081 crore, which aligns closely with expectations of ₹1,061 crore. Additionally, margins improved by 70 basis points, moving up to 11.9% from 11.2% previously.
On a consolidated basis, all segments of TVS Motor enjoyed year-on-year revenue growth. The overall volume for the quarter increased by 10%, while sales of electric scooters surged by 57% compared to last year.
Recently, shares of TVS Motor surged 4.5% post the results announcement to ₹2,330. However, as of Monday's closing, the stock was down 25% from its recent peak of ₹2,958.
