Q4 2025 TVS Motor Company Ltd Earnings Call Transcript
Key Points
- TVS Motor Co Ltd (BOM:532343) achieved its highest-ever sales of 4.7 million units, highest-ever revenue of INR36,251 crore, and highest-ever profit of INR3,029 crore.
- The company reported a significant growth in operating EBITDA margin to 12.3%, including PLI benefits, with a consistent quarter-on-quarter improvement.
- Domestic ICE two-wheeler sales grew by 9%, outperforming the industry growth of 7%, and international sales grew by 23% against the industry growth of 21%.
- EV two-wheeler sales increased by 44% to 2.8 lakh units, demonstrating strong growth in the electric vehicle segment.
- TVS Credit added over 40 lakh new customers, with a book size of INR26,647 crore, showing robust growth and market penetration.
- Three-wheeler sales declined to 1.35 lakh units from 1.45 lakh units the previous year.
- The African market experienced decelerated growth due to economic slowdown, higher inflation, and currency devaluation.
- Employee costs and other expenses grew by 23% and 26% respectively, leading to operating deleverage despite revenue growth.
- The company faced challenges in the Middle East markets, impacting overall international sales performance.
- There was a noted slowdown in rural sales in Q4, with rural markets performing lower than urban markets.
Ladies and gentlemen, good day, and welcome to the Q4 FY25 earnings conference call for TVS Motor Company Limited. (Operator Instructions)
Please note that this conference is being recorded. I now hand the conference over to Mr. Jayaraj. Thank you, and over to you.
Thanks, Mike. Welcome to TVS Motor Company 4Q F25 post results conference call. From the management side, 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. K.N. Radhakrishnan for the opening remarks to be followed by question-and-answer session. Over to you, sir.
Good evening. Good evening, everyone. I hope all of you can listen to me. Thank you for joining us today. Session's greetings to all of you and your family members.
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