TVS Q2 results: Apache motorcycle maker’s profit grows 23.5% to Rs 663 crore, misses street estimates
TVS Motor Company Q2 FY25 Results: Chennai-headquartered TVS Motor Company on Wednesday reported a standalone profit of Rs 662.6 crore for the quarter ended September 30, marking a jump of 23.5 percent over the corresponding period last year.
TVS Motor Company Q2 FY25 Top-line
TVS Motor Company—its popular motorcycles including Apache and Raider—posted a record revenue of Rs 9,228.2 crore in the second half of the current fiscal year, compared to Rs 8,144.6 crore in the previous period, according to a regulatory filing.
Zee Business analysts have estimated that TVS Motor Company will register a net profit of Rs 695 crore and a revenue of Rs 9,550 crore in the July-September period.
TVS Q2 FY25 earnings | ICE and electric vehicle sales volumes
TVS Motor Company posted a 14.3 percent year-on-year increase in its sales volume to a record 12,28,223 units in the second quarter of FY25.
Sales volumes include both diesel and electric vehicles.
TVS Q2 Results | How the Apache 160 motorcycle manufacturer works in the past
TVS Motor Company said its EBITDA margin stands at 11.7 percent for the July-September 2024 period, in line with analyst expectations and translating to an improvement of 70 basis points (bps) over the previous period.
UPDATE: Bajaj Auto Q2 PAT up 9%, margin at 20.2%
Zee Business analysts pegged the carmaker’s quarterly margin at 11.7 percent.
TVS share price
Shares of TVS ended weaker by Rs 79.3, or 3.0 per cent, at Rs 2,582 apiece on the BSE after the earnings announcement.
UPDATE: TVS Motor Company launches holiday edition of TVS RONIN with new midnight blue variant
TVS Motor Company shares have rewarded investors well over the years.
As of October 21, TVS shares have gained 73 percent over the past year, outperforming gains of 28.5 percent and 53 percent of the Nify50 and Nifty Auto indices respectively.
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