TVS Motors reported a 34.9% rise in consolidated net profit at ₹779 crore for Q1 FY25.
The jump was mainly driven by strong sales of Apache premium bikes and EVs like iQube.
Revenue from operations climbed to ₹10,462 crore, up 12.3% year-on-year.
TVS sold over 3.65 lakh vehicles in Q1, with exports staying flat.
Electric two-wheeler volumes surged 35%, supporting margins and product mix.
EBITDA rose to ₹1,144 crore, with margins expanding to 10.9%.
Rural recovery, premium bike demand, and strong urban EV interest helped growth.
Analysts expect margin tailwinds to continue, supported by lower raw material co
sts.
The company is also working on new EV platforms for mid-range scooters and bikes.
TVS continues to gain share in both ICE and electric two-wheeler segments.