TVS Q1 results are out Net profit jumped by 23.4% and Revenue surges by 16%, Click here to know more about the Q1 results:

Overview:

TVS Motor Company reported a 23.4% increase in net profit to ₹577.3 crore for Q1 FY25, with revenue rising 16% YoY to ₹8,375.5 crore. The company achieved its highest-ever operating EBITDA of ₹960 crore, a 26% YoY growth. Total sales, including exports, rose by 14% YoY to 10.87 lakh units. Despite strong financial performance, the stock traded 2% lower at ₹2,439.4 on the NSE.

TVS Motor, the renowned automobile giant, has announced a robust 23.4% rise in its standalone net profit, reaching ₹577.3 crore for the first quarter of the fiscal year 2024-25, as reported on Tuesday, April 6. This marks a significant increase from the ₹467.6 crore net profit recorded in the same period last year.

The company's revenue from operations for the quarter ending June 2024 was ₹8,375.5 crores, up by 16% year-on-year from ₹7217.9 crore.

Despite the positive earnings report, TVS Motor's shares saw a 2% dip, trading at ₹2,439.4 each on the NSE.

TVS Motor also reported its highest-ever operating EBITDA at ₹960 crore for the June quarter, a 26% year-on-year increase from ₹764 crore, as per the company's exchange filing.

Sales figures for two-wheelers and three-wheelers, including exports, climbed by 14% year-on-year to 10.87 lakh units this quarter, compared to 9.53 lakh units in the previous year.

The company witnessed a 19% growth in scooter sales, selling 4.18 lakh units in the first quarter of FY25, up from 3.50 lakh units in the year-ago period.

Electric scooter sales also saw an uptick, with 0.52 lakh units sold in the April-June quarter of the current financial year, an increase from 0.39 lakh units in the same quarter of the previous year.

On a year-to-date basis, TVS Motor's stock has experienced a 20.1% surge, with an impressive 79.8% gain over the past year.