TVS Motor Co, one of India’s leading two-wheeler manufacturers, has reported impressive financial results for the fourth quarter of the fiscal year 2024, with net profit rising by 18 percent year-on-year. The company’s stellar performance in Q4 contributed to its highest-ever full-year profit, showcasing robust growth and strong operational efficiency.
In Q4, TVS Motor recorded a standalone net profit of Rs 485.43 crore, marking an 18 percent increase from the corresponding quarter of the previous year. The surge in profitability was underpinned by solid margins, driven primarily by higher volumes. The company’s revenue from operations also witnessed significant growth, climbing 24 percent to Rs 8,168.84 crore during the period.
Key highlights of TVS Motor’s performance in Q4 include a 22 percent increase in overall two-wheeler and three-wheeler volumes, including exports, which reached 10.63 lakh units. Motorcycle volumes surged by 32 percent to 5.11 lakh units, while scooter volumes saw a 16 percent rise to 3.96 lakh units. Additionally, the company recorded a notable uptick of 15 percent in electric vehicle sales, totaling 49,000 units, and three-wheeler sales grew by 4 percent to 30,000 units.
TVS Motor’s operational efficiency also showed significant improvement, with the EBITDA margin rising to 11.3 percent from 10.3 percent in the year-ago quarter. The company achieved its highest-ever EBITDA of Rs 926 crore, reflecting a robust growth of 36 percent year-on-year.
For the full financial year 2024, TVS Motor reported its highest-ever profit of Rs 2,083 crore, a substantial increase from Rs 1,491 crore in the previous fiscal year. Revenue from operations also reached a new high, growing by 20 percent to Rs 31,776 crore. Notably, the total volume for the year surpassed the 40 lakh units milestone, while electric vehicle sales doubled to 1.94 lakh units.
The company’s EBITDA for the full year rose by around 31 percent to Rs 3,514.11 crore, with the EBITDA margin improving to 11 percent from 10 percent in the financial year 2023. TVS Motor’s exceptional financial performance underscores its strong market position, operational excellence, and strategic focus on innovation and growth. With a solid foundation and promising outlook, the company remains committed to driving value for its stakeholders and contributing to the advancement of India’s automotive industry.
TVS Motor Company is a leading manufacturer of two-wheelers, three-wheelers, and electric vehicles based in India. With a rich heritage spanning decades, the company is known for its commitment to quality, innovation, and customer satisfaction.
