TVS Motor Company Limited (NSE:TVSMOTOR)

TVS Motor Company Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Operating Revenue	392,811	374,706	329,944	319,740	216,155	171,822
Other Revenue	67,763	66,634	58,697	1,184	27,520	22,717
Revenue	460,573	441,341	388,641	320,924	243,675	194,539
Revenue Growth (YoY)	13.41%	13.56%	21.10%	31.70%	25.26%	3.06%
Cost of Revenue	282,571	270,023	244,604	209,964	163,583	130,176
Gross Profit	178,002	171,318	144,037	110,960	80,092	64,363
Selling, General & Admin	53,281	51,945	44,850	36,338	26,637	22,816
Other Operating Expenses	53,731	52,309	43,475	32,765	25,770	18,476
Operating Expenses	118,202	114,709	97,887	77,691	59,835	46,940
Operating Income	59,800	56,609	46,150	33,269	20,257	17,423
Interest Expense	-21,339	-20,832	-19,059	-13,559	-8,828	-8,560
Earnings From Equity Investments	-670.1	-741.2	-434.7	-407.3	24.9	-77.5
Currency Exchange Gain (Loss)	-149.5	-149.5	-73.4	-2.4	-14.9	-124.8
Other Non Operating Income (Expenses)	-212.4	75.7	59.3	51.4	-394.7	-332.1
EBT Excluding Unusual Items	37,430	34,962	26,642	19,353	11,044	8,330
Gain (Loss) on Sale of Assets	91.5	91.5	33.8	26.5	24.7	-19.6
Other Unusual Items	-	-	-	-18.7	-401.2	-93.6
Pretax Income	37,521	35,054	26,676	19,360	10,668	8,216
Income Tax Expense	12,366	11,555	9,140	6,266	3,359	2,141
Earnings From Continuing Operations	25,155	23,499	17,536	13,095	7,309	6,075
Earnings From Discontinued Operations	223.6	299.1	249.6	-	-	-
Net Income to Company	25,379	23,798	17,785	13,095	7,309	6,075
Minority Interest in Earnings	-1,531	-1,443	-921.7	192.1	259.4	-132.4
Net Income	23,847	22,356	16,864	13,287	7,568	5,943
Net Income to Common	23,847	22,356	16,864	13,287	7,568	5,943
Net Income Growth	39.22%	32.57%	26.92%	75.56%	27.36%	-4.86%
Shares Outstanding (Basic)	475	475	475	475	475	475
Shares Outstanding (Diluted)	475	475	475	475	475	475
EPS (Basic)	50.20	47.06	35.50	27.97	15.93	12.51
EPS (Diluted)	50.20	47.06	35.50	27.97	15.93	12.51
EPS Growth	39.22%	32.57%	26.92%	75.56%	27.36%	-4.86%
Free Cash Flow	-	10,249	-23,978	-57,456	-25,450	2,233
Free Cash Flow Per Share	-	21.57	-50.47	-120.94	-53.57	4.70
Dividend Per Share	-	10.000	8.000	5.000	3.750	3.500
Dividend Growth	-	25.00%	60.00%	33.33%	7.14%	-
Gross Margin	38.65%	38.82%	37.06%	34.58%	32.87%	33.09%
Operating Margin	12.98%	12.83%	11.88%	10.37%	8.31%	8.96%
Profit Margin	5.18%	5.07%	4.34%	4.14%	3.11%	3.06%
Free Cash Flow Margin	-	2.32%	-6.17%	-17.90%	-10.44%	1.15%
EBITDA	66,068	62,822	52,147	38,985	25,662	21,760
EBITDA Margin	14.34%	14.23%	13.42%	12.15%	10.53%	11.19%
D&A For EBITDA	6,268	6,214	5,996	5,716	5,404	4,337
EBIT	59,800	56,609	46,150	33,269	20,257	17,423
EBIT Margin	12.98%	12.83%	11.88%	10.37%	8.31%	8.96%
Effective Tax Rate	32.96%	32.96%	34.26%	32.36%	31.49%	26.06%
Revenue as Reported	460,530	441,586	388,846	321,120	243,882	194,680
Advertising Expenses	-	8,195	5,964	3,848	3,275	3,226

Updated Jan 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.