Q1 2025 TVS Motor Company Ltd Earnings Call Transcript

Aug 06, 2024 / 12:00PM GMT

Release Date Price: ₹2478.8 (-0.58%)

Transcript

Key Points

Positve

TVS Motor Co Ltd (BOM:532343) posted its highest-ever revenue, EBITDA, and profits in Q1 FY '25.
Operating revenue grew by 16% to INR8,376 crores compared to the same quarter last year.
Two-wheeler domestic ICE sales grew by 14%, outperforming the industry in retail.
EV two-wheeler sales increased to 52,000 units from 39,000 units in the previous year's Q1.
The company's operating EBITDA margin improved by 90 bps to 11.5%.

Negative

Three-wheeler sales were slightly lower at 31,000 units compared to the first quarter of last year.
Challenges in the international business due to issues in the Red Sea affecting transit times and vessel availability.
Certain African markets are facing challenges due to currency devaluation and persistent inflation.
The company has not recognized PLI incentives in this quarter, which could impact future financials.
Increased other expenses due to higher packing, freight, and marketing costs, as well as investments in digital technologies.

Operator

Ladies and gentlemen, good day, and welcome to TVS Motor Company Limited Q1 FY '25 post results earnings conference call hosted by Batlivala & Karani Securities India Private Limited. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Annamalai Jayaraj from Batlivala & Karani Securities India Private Limited. Thank you, and over to you, sir.

Annamalai Jayaraj;India;Private Limited;Moderator

Batlivala & Karani Securities

()-

Welcome to TVS Motor Company 1Q FY '25 Post Results Conference Call. From TVS Motor Company management, we have with us today, Mr. K. N. Radhakrishnan, Director and Chief Executive Officer; and Mr. K. Gopala Desikan, Chief Financial Officer. I'll now hand over the call to Mr. KNR for the opening remarks to be followed by question and answer session. Over to you, sir.

Kunnath Radhakrishnan

TVS Motor Company Ltd - Chief Executive Officer, Executive Director

Good evening,

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