1. Opening Hook
Festive lights weren’t the only things shining this Diwali—TVS Motor just revved past its own record. With the CEO sounding more like a motivational speaker than an auto exec, the company announced its “highest ever” everything—revenue, EBITDA, profit, and even optimism. ICE and EV both fired together, proving petrolheads and plug-in folks can coexist—at least on the balance sheet. Buckle up, because what starts with a celebration turns into a corporate flex of epic proportions. Stick around—the juicy bits about Norton, GST windfalls, and magnets (yes, magnets) come later.
2. At a Glance
- Revenue up 29% – CFO swears it’s real growth, not “PLI magic.”
- EBITDA up 40% – Margin muscles finally flexing beyond scooters.
- PBT up 37% – Profits sprinted faster than the new Ntorq 150.
- PAT up 37% – Same story, just more zeros.
- EBITDA Margin 12.7% – +100 bps, powered by scale and sarcasm.
- 3-Wheeler Sales up 41% – Who said cargo can’t be cool?
- EV Volumes up 7% – Slow charge due to “magnet issues,” apparently.
- Stock cheering 8% – Traders heard “highest ever,” muted the rest.
3. Management’s Key Commentary
“We posted our highest ever quarterly phase, both in ICE and EV.”
(When you can’t pick a favorite child, just say both are geniuses.) 😏
“Operating EBITDA grew 40%… margin improved to 12.7%.”
(Translation: cost cuts, premium bikes, and maybe divine intervention.)
“We thank customers for this significant milestone.”
(Investors, you just paid for the celebration balloons.)
“EV two-wheeler sales
