India · Delayed Price · Currency is INR TVS Motor Company Earnings Call Transcripts
Fiscal Year 2026
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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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Achieved record quarterly sales, revenue, and profit with strong growth in both ICE and EV segments, supported by new product launches and robust international expansion. EBITDA margin improved to 12.7%, and the company expects continued growth, though EV production faces supply constraints.
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Record quarterly revenue and profit growth driven by strong domestic and international sales, especially in EVs and three-wheelers. Supply chain challenges for EVs are being managed, with new product launches and investments planned. EBITDA margin improved to 12.5%.
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 57% YoY EV sales surge. TVS Credit PBT rose 40% YoY, and international business expanded in Africa and LatAm. Strong outlook for Q4 and FY25, with PLI benefits to be recognized in Q4.
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Q2 FY24 saw record revenue, EBITDA, and profit, with strong growth in ICE and EV segments. Rural and urban demand is robust, exports are recovering, and new product launches are driving momentum. Continued investment in technology and R&D supports future growth.
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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.