6 hours Ago
Shares of TVS Motor Company are likely to remain in focus on Tuesday, April 29, after the company posted a 76% year-on-year jump in its March quarter standalone net profit at Rs 852 crore, compared to Rs 485 crore in the year ago period.Additionally, the two-wheeler manufacturer reported a 17% year-on-year rise in its Q4FY25 revenue at Rs 9,550 crore compared to Rs 8,168 crore in the same quarter last year.On a sequential basis, profit after tax surged 38% from Rs 618 crore reported in Q3FY25, while revenue rose 5% over Rs 9,097 crore recorded in the October–December quarter.
The earnings were announced just minutes before the market closed on Monday, with the stock ending 2.5% higher at Rs 2,803.55 on the BSE.
The company posted its highest-ever operating EBITDA at Rs 1,333 crore in Q4, up from Rs 926 crore in the same period last year. TVS Motor reported an operating EBITDA margin of 14.0% for the quarter ending March 2025.
Also read: RIL logs highest one-day gain in 11 months, could rise 11-22% moreTVS Motor share price targetFollowing the results, domestic brokerage firm HDFC Securities maintained its ‘Add’ rating on the stock, with a target price of Rs 2,833.The brokerage firm noted that the management expects domestic two-wheeler industry growth in FY26 to be similar to FY25 and aims to grow faster than the overall industry in both domestic and international markets. The company also expects its international business to perform well, especially as demand in key African markets has stabilised.
However, there are concerns about higher investments in its subsidiaries, particularly for the Norton bike portfolio and e-bikes. There is also caution regarding Norton’s product development as adapting to Euro 5+ norms may cause design and cost challenges.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own.
These do not represent the views of The Economic Times).
