TVS Motor Company shares in focus post Q4 results. The stock on Tuesday fell nearly 4 per cent although it recorded 69 per cent jump in consolidated net profit to ₹698 crore for the fourth quarter ended March 31, 2025, driven by higher sales.
Although the auto major continued to move up the profitability curve in Q4FY25 have driven brokerages to increase target prices on the stock, they have also flagged concerns including demand outlook and rising competitive intensity in electric two-wheelers.
According to Nuvama Institutional Equities, TVS is fully charged on PLI. The company’s EBITDA was slightly below Nuvama’s estimate owing to lower-than-expected PLI benefits.
The brokerage expects TVS Motor Company’s market share continue gaining momentum in domestic and overseas market and forecasts margin expansion ahead due to better scale/mix, higher PLI benefits and cost savings.
Nuvama has retained buy at an increased target price of ₹3200 from ₹3,100 earlier.
Analysts of JM Financial believe the company’s outperformance to continue on the volume front led by premiumisation and EV product launches. They have maintained buy at a raised target price of ₹3,150, however, added that industry slowdown could pose a risk.
Macquarie has maintained outperform rating at a target price of ₹3,045, while Citi has maintained sell at an increased target price of ₹2,050.
On the other hand, Motilal Oswal coined that TVS Motor has underperformed the industry in FY25 pertaining to motorcycles segment. The brokerage cited that the demand outlook in domestic markets has remained weak following the festive season, while the export outlook continues to be uncertain. Motilal has reiterated neutral rating at a target price of ₹2,720.
The stock traded 3.61 per cent lower on the NSE at ₹2,692.20 as at 10.43 am, after hitting a low of ₹2,680.10.
Published on April 29, 2025
#TVS #Motor #Results #Reports #higher #sales #shares #focus
