TVS Motor Company reported a robust financial performance for the fourth quarter ended March 31, 2025, driven by strong sales growth and margin expansion. The company’s revenue from operations rose 17% year-on-year (YoY) to ₹9,550 crore in Q4 FY25 compared to ₹8,169 crore in the same quarter last year. Total income for the quarter stood at ₹9,564.94 crore, up from ₹8,140.17 crore a year ago.
The company posted a significant 75% surge in net profit at ₹852.12 crore for Q4 FY25, compared to ₹485.43 crore in Q4 FY24. Profit before tax (PBT) also grew sharply by 65% YoY to ₹1,111.98 crore from ₹671.63 crore in the corresponding quarter of the previous year. Operating EBITDA reached an all-time high of ₹1,333 crore in Q4 FY25, up from ₹926 crore in Q4 FY24. The company’s EBITDA margin stood at 14.0% during the quarter, which included benefits from the Production Linked Incentive (PLI) scheme. Excluding the PLI benefit, the EBITDA margin came in at 12.5%, compared to 11.3% recorded in the same quarter last year.
TVS Motor Q4 FY25 Results: Highlights
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Revenue from operations: ₹9,550 crore in Q4 FY25, up 17% YoY from ₹8,169 crore in Q4 FY24.
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Total income: ₹9,564.94 crore in Q4 FY25 versus ₹8,140.17 crore in Q4 FY24.
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Profit before tax (PBT): ₹1,111.98 crore, rising 65% from ₹671.63 crore in the year-ago quarter.
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Net profit: ₹852.12 crore, up 75% YoY from ₹485.43 crore in Q4 FY24.
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EBITDA: Highest ever quarterly EBITDA of ₹1,333 crore versus ₹926 crore in Q4 FY24.
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EBITDA margin:
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14.0% including PLI incentives.
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12.5% excluding PLI incentives (versus 11.3% in Q4 FY24).
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In terms of operational performance, TVS Motor’s total two-wheeler and three-wheeler sales, including exports, grew 14% YoY to 12.16 lakh units during the quarter. Motorcycle sales rose 10% to 5.64 lakh units, scooter sales surged 27% to 5.02 lakh units, while electric vehicle (EV) sales witnessed an impressive 54% jump to 0.76 lakh units. Three-wheeler sales during the quarter grew 21% to 0.37 lakh units compared to the same period last year.
Sales Performance:
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Total sales volumes: 12.16 lakh units in Q4 FY25, up 14% YoY.
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Motorcycle sales: 5.64 lakh units, up 10% YoY.
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Scooter sales: 5.02 lakh units, up 27% YoY.
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Electric vehicle (EV) sales: 0.76 lakh units, up 54% YoY.
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Three-wheeler sales: 0.37 lakh units, up 21% YoY.
For the full financial year FY25, TVS Motor posted revenue from operations of ₹36,251 crore, registering a 14% growth from ₹31,776 crore recorded in FY24. Net profit for FY25 came in at ₹2,710.54 crore, up 30% from ₹2,083 crore in FY24. Total annual sales volumes grew 13% to 47.44 lakh units, supported by growth across motorcycles, scooters, electric vehicles, and three-wheelers.
Full Year FY25 Highlights:
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Revenue from operations: ₹36,251 crore, up 14% YoY.
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Total sales: 47.44 lakh units, up 13% from 41.91 lakh units in FY24.
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PAT for FY25: ₹2,710.54 crore, up 30% from ₹2,083 crore in FY24.
The management remains optimistic about sustaining growth momentum, citing strong contributions from the EV segment, premium product launches, and expanding international presence. The company also recognized income from the government’s PLI scheme during the quarter, which aided margin improvement.
