News

Prabhudas Lilladher's research report on TVS Motor Company

TVS Motor Company reported a healthy set of numbers for Q4FY25, delivering strong margins and profitability expansion, aided by the recognition of PLI. Standalone revenue grew by 16.9% YoY, supported by a 2.1% increase in ASP. Excluding PLI benefits of the previous quarters, revenue increased by 14.4% YoY while realization remained flat. Gross profit increased by 29.6% YoY, with a 295bps expansion in gross margins while EBITDA grew by 43.9% YoY, with EBITDA margins expanding by 262bps YoY. Consequently, this lifted its PAT by 75.5% over Q4FY24.

Outlook

Factoring this, we assume its revenue/EBITDA/EPS to grow at a CAGR of 10%/11%/12.4% over FY25-27E and retain our “HOLD” rating with a TP of Rs 2,660 (including Rs 67 for TVS Credit), valuing its core business at a P/E of 36x on its Mar’27E EPS.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

TVS Motor Company - 29042025 - prabhu

Discover the latest Business News, Budget 2025 News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Sensex Today Jammu Kashmir News Live Canada Election Results Q4 Results 2025 Live Ather Energy IPO GMP India at UN Gold Price HDFC Bank Market Cap Paytm First Games IPL Points Table 2025

Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups

Home Currencies Commodities Pre-Market IPO Global Market Bonds

Home Loans up to 50 Lakhs Credit Cards Lifetime Free Finance TrackerNew Fixed Deposits Fixed Deposit Comparison Fixed Income

Home MC 30 Top Ranked Funds ETFs Mutual Fund Screener

Income Tax Calculator EMI Calculator Retirement Planning Gratuity Calculator

Stock Markets

News18 Firstpost CNBC TV18 News18 Hindi Cricketnext Overdrive Topper Learning

About Us Contact Us Advisory Alert Advertise with Us SupportDisclaimer Privacy Policy Cookie Policy Terms & Conditions Financial Terms (Glossary) Sitemap Investors

You are already a Moneycontrol Pro user.