Shares of TVS Motor Company rose 6.3% in intraday trade on Tuesday after the two-wheeler maker reported a 4.2% year-on-year rise in net profit at ₹618 crore for the quarter ended December 31, 2024.

The company’s revenue from operations jumped 10% year-on-year to ₹9,097 crore in the third quarter compared with ₹8,245 crore in the year-ago period.

TVS Motor’s operating earnings before interest, tax, depreciation and amortisation (EBITDA) grew by 17% to ₹1,081 crore for the third quarter of 2024-25 as against EBITDA of ₹924 crore in the third quarter of 2023-24. The company’s operating EBITDA margin for the quarter is highest at 11.9% as against EBITDA margin of 11.2% reported in the third quarter of 2023-24.

Reacting to the earnings, shares of TVS Motor increased 6.3% to hit a high of ₹2,368.60 on the BSE.

TVS Motor’s two-wheeler and three-wheeler sales including exports grew by 10% registering 12.12 lakh units in the quarter ended December 2024 as against 11.01 lakh units in the quarter ended December 2023

 Motorcycle sales grew 6% to 5.56 lakh units in the quarter ended December 2024 as against 5.23 lakh units in the quarter ended December 2023. Scooter sales for the quarter ended December 2024 grew by 22% at 4.93 lakh units as against 4.04 lakh units in the third quarter of 2023-24. Three-wheeler sales for the quarter under review is at 0.29 lakh units as against 0.38 lakh units during third quarter of 2023-24.

Electric Scooter sales for the quarter ended December 2024 grew by 57% at 0.76 lakh units as against 0.48 lakh units in the quarter ended December 2023.

For the first nine months of the financial year 2024-25, two-wheeler sales including exports grew by 14% to 34.29 lakh units as against 30.13 lakh units registered in the nine months ended December 2023. Motorcycle sales grew by 10% registering 16.31 lakh units in the nine months ended December 2024 as against 14.79 lakh units in nine months ended December 2023. Scooter sales for the nine months ended December 2024 grew by 19% registering 14.01 lakh units as against the sales of 11.74 lakh units in the nine months ended December 2023. The company’s two-wheeler exports grew by 19% at 7.78 lakh units in the nine months ended December 2024 as against 6.52 lakh units in the nine months ended December 2023.

Earlier in January, TVS Motor Company showcased the world’s first compressed natural gas (CNG)-powered scooter, the TVS Jupiter CNG, at the Bharat Mobility Expo 2025. It also forayed into electric three-wheeler space by launching its connected passenger electric three-wheeler, TVS King EV MAX.

TVS Motor Company was India’s second-largest electric scooter manufacturer after Ola Electric in calendar year 2024. It recorded over 2.2 lakh EV registrations last year.