TVS has officially announced its earnings for Q2 and FY25 H1. The company posted the highest ever operating revenue of Rs 9,228 crore registering a growth of 13 percent for the quarter ended September 2024 as against Rs 8,145 crore reported in the quarter ended September 2023.
The Company posted its highest ever Operating EBITDA of Rs 1,080 crore registering a growth of 20 percent for the quarter ended September 2024 as against EBITDA of Rs 900 crore in the second quarter of 2023-24. The company’s operating EBITDA margin significantly improved by 70bps at 11.7 percent as against 11.0 percent in the quarter ended September 2023.
The Company’s Profit Before Tax (PBT) grew by 24 percent at Rs 897 crore for the second quarter of 2024-25 as against PBT of Rs 724 crore in second quarter of 2023-24. PBT for the quarter includes a fair valuation gain of Rs 23 crore as against Rs 38 crore during Q2 of last year.
TVS Sales
The overall two-wheeler and three-wheeler sales including exports grew by 14 percent registering highest ever quarterly sales of 12.28 lakh units in the quarter ended September 2024 as against 10.74 lakh units registered in the quarter ended September 2023.
Motorcycle sales grew by 14 percent registering 5.60 lakh units in the quarter ended September 2024 as against 4.93 lakh units in quarter ended September 2023. Scooter sales for the quarter ended September 2024 grew by 17 percent registering 4.90 lakh units as against the sales of 4.20 lakh units in the second quarter of 2023-24.
The two-wheeler exports grew by 16% registering 2.78 lakh units in the quarter ended September 2024 as against 2.39 lakh units in the quarter ended September 2023. Total three-wheeler sales for the quarter under review were at 0.38 lakh units as against 0.43 lakh units during the second quarter of 2023-24.
TVS: EV Sales
During the quarter under review, the Company’s EV sales grew by 31 percent registering the highest ever quarterly sales of 0.75 lakh units in the quarter ended September 2024 as against 0.58 lakh units during the quarter ended September 2023.
TVS: Half-year results
The total two-wheeler sales of the Company for the half-year ended September 2024 grew by 15 percent registering 22.47 lakh units as against 19.50 lakh units recorded in the half-year ended September 2023. The total three-wheeler sales for the half-year ended September 2024 is at 0.69 lakh units as against 0.78 lakh units registered in the half-year ended September 2023.
TVS’ total export of two and three-wheelers for the half-year ended September 2024 grew by 11 percent at 5.62 lakh units as against 5.04 lakh units in the half-year ended September 2023.
Total revenue in the half-year ended September 2024 grew by 15 percent at Rs 17,604 crore as against Rs 15,363 crore in the half-year ended September 2023. PBT for the half-year ended September 2024 grew by 26 percent at Rs 1,680 crore as against Rs 1,334 crore in the half-year ended September 2023.
