TVS Motor declares ₹10 per share interim dividend, total payout at ₹475 crore

Two and three-wheeler manufacturer TVS Motor Company Ltd on Thursday (March 20) said its board of directors has approved an interim dividend of ₹10 per share (1000%), amounting to a total payout of ₹475 crore for the financial year ending March 31, 2025.

"The Board of Directors of the Company at its meeting held today, declared an interim dividend of Rs. 10/- per share (1000%) on 47,50,87,114 equity shares of Re.1/- each fully paid up, absorbing a sum of ₹475 Cr, for the financial year ending 31st March 2025," TVS Motor Company said in a regulatory filing.

The record date for the interim dividend has been set as March 26, 2025, in accordance with SEBI regulations. The dividend will be disbursed within 30 days to shareholders holding shares in both physical and electronic forms as of the record date.

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"The interim dividend declared will be paid to those shareholders, who hold shares in physical form and/or in electronic form and whose names appear in the Register of Members and/or Depositories respectively, as at the close of working hours on 26th March 2025, being the Record Date fixed by the Company for this purpose," it added.

For the third quarter, TVS Motor Company's net profit stood at ₹618 crore, which was 4% higher than the same quarter last year, and marginally below the CNBC-TV18 poll of ₹657 crore. Revenue for the quarter also increased by 10.3% from the year-ago quarter to ₹9,097 crore. A CNBC-TV18 poll had projected the figure at ₹9,135 crore.

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the company increased by 17% on a year-on-year basis to ₹1,081 crore, which was in line with expectations of ₹1,061 crore, while margins expanded by 70 basis points to 11.9% from 11.2% earlier.

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Shares of TVS Motor Company Ltd ended at ₹2,341.30, up by ₹20.40, or 0.88%, on the BSE.