TVS Motor Company Limited (BOM:532343)

TVS Motor Company Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Operating Revenue	375,300	333,603	319,740	216,155	171,822
Other Revenue	66,286	58,697	1,184	27,520	22,717
Revenue	441,586	392,300	320,924	243,675	194,539
Revenue Growth (YoY)	12.56%	22.24%	31.70%	25.26%	3.06%
Cost of Revenue	257,643	246,051	209,964	163,583	130,176
Gross Profit	174,347	146,250	110,960	80,092	64,363
Selling, General & Admin	35,809	45,725	36,338	26,637	22,816
Other Operating Expenses	71,356	44,157	32,765	25,770	18,476
Operating Expenses	117,620	99,633	77,691	59,835	46,940
Operating Income	56,727	46,616	33,269	20,257	17,423
Interest Expense	-20,933	-19,166	-13,559	-8,828	-8,560
Earnings From Equity Investments	-741.2	-434.7	-407.3	24.9	-77.5
Currency Exchange Gain (Loss)	-	-75.5	-2.4	-14.9	-124.8
Other Non Operating Income (Expenses)	-	55.5	51.4	-394.7	-332.1
EBT Excluding Unusual Items	35,054	26,995	19,353	11,044	8,330
Gain (Loss) on Sale of Assets	-	33.8	26.5	24.7	-19.6
Other Unusual Items	-	-	-18.7	-401.2	-93.6
Pretax Income	35,054	27,029	19,360	10,668	8,216
Income Tax Expense	11,555	9,244	6,266	3,359	2,141
Earnings From Continuing Operations	23,499	17,785	13,095	7,309	6,075
Earnings From Discontinued Operations	299.1	-	-	-	-
Net Income to Company	23,798	17,785	13,095	7,309	6,075
Minority Interest in Earnings	-1,443	-921.7	192.1	259.4	-132.4
Net Income	22,356	16,864	13,287	7,568	5,943
Net Income to Common	22,356	16,864	13,287	7,568	5,943
Net Income Growth	32.57%	26.92%	75.56%	27.36%	-4.86%
Shares Outstanding (Basic)	475	475	475	475	475
Shares Outstanding (Diluted)	475	475	475	475	475
Shares Change (YoY)	0.01%	-	-	-	-
EPS (Basic)	47.05	35.50	27.97	15.93	12.51
EPS (Diluted)	47.05	35.50	27.97	15.93	12.51
EPS Growth	32.55%	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	39.48%	37.28%	34.58%	32.87%	33.09%
Operating Margin	12.85%	11.88%	10.37%	8.31%	8.96%
Profit Margin	5.06%	4.30%	4.14%	3.11%	3.06%
Free Cash Flow Margin	2.32%	-6.11%	-17.90%	-10.44%	1.15%
EBITDA	67,183	52,613	38,985	25,662	21,760
EBITDA Margin	15.21%	13.41%	12.15%	10.53%	11.19%
D&A For EBITDA	10,456	5,996	5,716	5,404	4,337
EBIT	56,727	46,616	33,269	20,257	17,423
EBIT Margin	12.85%	11.88%	10.37%	8.31%	8.96%
Effective Tax Rate	32.96%	34.20%	32.36%	31.49%	26.06%
Revenue as Reported	441,586	392,506	321,120	243,882	194,680
Advertising Expenses	-	5,964	3,848	3,275	3,226

Source: S&P Global Market Intelligence. Standard template. Financial Sources.