TVS Motor Company Ltd's Q3FY25 Quarter Results
- 29 Jan 2025
Result Summary
- TVS Motor Company Ltd reported a 1.2% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 10.6%.
- Its expenses for the quarter were down by 1.5% QoQ and up 9.7% YoY.
- The net profit increased 3.6% QoQ and increased 19.6% YoY.
- The earnings per share (EPS) of TVS Motor Company Ltd stood at 11.9 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 11199.74 | 11333.99 | 10125.82 | -1.2% | 10.6% |
Total Expenses | 10272.62 | 10427.64 | 9362.83 | -1.5% | 9.7% |
Profit Before Tax | 927.12 | 906.35 | 762.99 | 2.3% | 21.5% |
Tax | 296.57 | 299.39 | 240.62 | -0.9% | 23.3% |
Profit After Tax | 609.35 | 588.13 | 509.61 | 3.6% | 19.6% |
Earnings Per Share | 11.90 | 11.80 | 10.10 | 0.8% | 17.8% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
TVS Motor Company Ltd is a prominent player in the automotive industry, primarily engaged in the manufacturing and sale of two-wheelers and three-wheelers. The company is part of the larger conglomerate, TVS Group, which has a significant presence in the Indian automotive sector. TVS Motor is renowned for its range of motorcycles, scooters, and mopeds, catering to various segments of the market. The company has established a strong brand presence, both domestically and internationally, with a focus on innovation and customer satisfaction. Recent developments in the company include efforts to expand their electric vehicle portfolio and enhance their global reach through strategic partnerships and enhanced distribution networks.
Revenue
In the third quarter of FY25, TVS Motor Company Ltd reported a total income of ₹11,199.74 crores. This represents a slight decrease of 1.2% when compared to the previous quarter (Q2FY25), where the total income stood at ₹11,333.99 crores. However, when compared year-over-year, there is a notable increase of 10.6% from Q3FY24, which recorded a total income of ₹10,125.82 crores. The company has demonstrated a growth trajectory on an annual basis, reflecting increased sales and possibly market expansion efforts contributing to the rise in income over the year.
Profitability
TVS Motor Company Ltd's profitability indicators show positive trends in Q3FY25. The company achieved a profit before tax of ₹927.12 crores, marking a quarter-over-quarter increase of 2.3% from Q2FY25, where the profit before tax was ₹906.35 crores. On a year-to-year comparison, there is a significant 21.5% growth from Q3FY24's profit before tax of ₹762.99 crores. After accounting for taxes, the profit after tax for Q3FY25 is ₹609.35 crores, reflecting a 3.6% rise from the previous quarter and a 19.6% increase from the same quarter last year. Earnings per share also saw an improvement, standing at ₹11.90 in Q3FY25, up by 0.8% from the previous quarter and 17.8% from Q3FY24. These metrics indicate a robust profitability framework within the company.
Operating Metrics
The operating metrics for TVS Motor Company Ltd demonstrate efficient management of expenses relative to income. Total expenses in Q3FY25 were reported at ₹10,272.62 crores, which is a decrease of 1.5% from the previous quarter's expenses of ₹10,427.64 crores. On a year-over-year basis, expenses have increased by 9.7% from ₹9,362.83 crores in Q3FY24. Despite the increase in expenses annually, the company has managed to maintain a healthy profit before and after tax, indicating effective cost management strategies. The tax for the quarter was ₹296.57 crores, slightly down by 0.9% from Q2FY25, yet up by 23.3% from Q3FY24, aligning with the increased profitability. The consistent control over expenses and tax liabilities has potentially contributed to the company's solid financial performance in the quarter.
