India · Delayed Price · Currency is INR TVS Motor Company Earnings Call Transcripts
Fiscal Year 2027
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Q1 FY27 delivered record revenue, EBITDA, and profit growth, driven by strong domestic and international sales, especially in EVs and premium products. Capacity expansion and new launches are underway, with robust guidance for continued double-digit growth and improved margins despite commodity cost pressures.
Fiscal Year 2026
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Record sales and revenue growth were achieved, with strong international and EV performance. Strategic investments in R&D, premiumization, and global expansion were highlighted, alongside increased dividends and a focus on sustainability. Voting results will be published by July 24.
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Record FY 2026 performance with 24% sales growth and 30% revenue increase, driven by strong ICE, EV, and three-wheeler segments. EBITDA margin improved to 12.9%, with robust international and domestic demand, ongoing capacity expansion, and continued focus on premiumization and innovation.
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Record Q3 with 27% sales and 37% revenue growth, EBITDA margin up to 13.1%. Scooters and premium segments outpaced industry, while international and EV sales surged. Investments increased for capacity, Norton, and TVS Credit, with positive outlook for Q4 and FY27.
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Q2 FY26 saw record sales, revenue, and profit, with strong growth in ICE and EV segments, improved EBITDA margin, and robust international and rural demand. New product launches and GST cuts are expected to sustain momentum, though EV growth faces supply constraints.
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Record quarterly revenue and profit growth driven by strong domestic and international sales, especially in EV and three-wheeler segments. EBITDA margin improved to 12.5%, with robust outlook supported by new product launches and continued investment in innovation.
Fiscal Year 2025
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The AGM highlighted record sales and revenue growth, strong EV and export performance, and major investments in R&D and sustainability. Shareholders approved all resolutions and engaged in detailed Q&A on dividends, EV strategy, and supply chain risks.
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Record annual revenue and profit driven by strong growth in ICE and EV segments, with EBITDA margin improvement supported by PLI benefits. Continued investments in technology, new products, and international expansion position the company for further growth.
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Q3 saw record 11.9% EBITDA margin, 10% revenue growth, and strong gains in both ICE and EV sales. TVS Credit delivered 40% PBT growth, while international and domestic segments outperformed the industry. Investments focus on new products, Norton, and global expansion.
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Q2 FY24 saw record revenue, EBITDA, and profit, with strong growth in both ICE and EV segments. TVS Credit expanded its customer base and book size, while new product launches and cost initiatives supported margin gains. The company expects to outperform industry growth in Q3.
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Q1 saw record revenue, EBITDA, and profit, with 16% revenue growth and strong ICE and EV sales. EBITDA margin improved to 11.5%, and TVS Credit and international business showed robust performance. Investments focused on product development, digital, and financial services.
Fiscal Year 2024
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The AGM highlighted record sales and profits, strong EV growth, and major international and technological investments. Shareholders approved key resolutions and raised questions on exports, dividends, and product innovation, with management addressing future strategies and challenges.