The profit after tax (PAT) was lower than the Street’s estimates of Rs 657 crore.
The Q3FY25 revenue from operations stood at Rs 9,097 crore, which was up by 10% over Rs 8,245 in the corresponding quarter of the previous financial year.
Following the announcement, shares of the company shot up over 5.5% to hit the day’s high of Rs 2,356.95 on the NSE.
ETMarkets.com
On a sequential basis, net profit was down 6.6% versus Rs 663 crore reported by the company in Q2FY25. The top line saw a 14% decline on a QoQ basis versus Rs 9,228 crore in the July-September quarter.The company’s operating EBITDA or Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) grew by 17% at Rs 1,081 crores for the third quarter of 2024-25 as against EBITDA of Rs 924 crores in the third quarter of 2023-24.The operating EBITDA margin for the quarter is highest at 11.9% as against the operating EBITDA margin of 11.2% of the third quarter of 2023-24, the company filing said.
The company’s Profit Before Tax (PBT) grew by 8% at Rs 837 crores in Q3FY25 as against PBT of Rs 775 crores in the year-ago period. PBT for the quarter includes a fair valuation loss of Rs 41 crores as against a gain of Rs 65 crores during Q3 of last year.
TVS Motor sales
The overall two-wheeler and three-wheeler sales including exports grew by 10% registering 12.12 lakh units in the quarter ended December 2024 as against 11.01 lakh units in the quarter ended December 2023.
Motorcycle sales grew by 6% registering 5.56 lakh units in the quarter ended December 2024 as against 5.23 lakh units in the quarter ended December 2023. Scooter sales for the quarter ended December 2024 grew by 22% at 4.93 lakh units as against 4.04 lakh units in the third quarter of 2023-24.
Three-wheeler sales for the quarter under review is at 0.29 lakh units as against 0.38 Lakh units during the third quarter of 2023-24.
Electric Scooter sales for the quarter ended December 2024 grew by 57% at 0.76 lakh units as against 0.48 lakh units in the quarter ended December 2023.
