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PNN
Mumbai (Maharashtra) [India], May 29: Tunwal E-Motors Ltd (NSE - Tunwal), a leading electric two-wheeler manufacturer in India, has delivered an outstanding performance in FY 2024-25 with a 75.17% increase in revenue, totaling Rs184.86 crore, compared to Rs105.53 crore in the previous fiscal year. This significant growth highlights the company's strong foothold in the rapidly evolving electric mobility space. Tunwal also reported a net profit of Rs11.85 crore for FY25, with Earnings Per Share (EPS) at Rs2.32. The Board of Directors declared a final dividend of Rs0.10 per share, reflecting confidence in the company's long-term growth and profitability. Strong H2 Performance and Channel Expansion In the second half of FY25 alone, Tunwal registered Rs109.41 crore in revenue, representing a robust 82.28% year-on-year growth. Net profit for the period stood at Rs6.47 crore. This performance is backed by growing demand, expanding dealer networks, and rising brand trust. Successful Participation at Auto Cluster Expo 2025 | Strengthens Market Expansion with 200+ units B2B Orders at Auto Cluster Expo Tunwal's impactful participation at the Auto Cluster Expo 2025, held from 23rd to 25th May 2025, showcased the company's momentum in both consumer and business segments. Tunwal generated direct and measurable returns. On the B2B front, over 200 electric two-wheeler orders were placed by dealers, with exclusive rewards offered on select volumes. Additionally, 2 vehicles were sold directly to consumers (B2C), validating rising walk-in interest and market pull. Continued Focus on Growth and Accessibility Established in 2018, Tunwal E-Motors has introduced over 28 models tailored to India's diverse mobility needs, supported by a network of 330+ dealers across major states pan India. Tunwal continues to enhance customer experience, product innovation, and operational excellence. As of 27 May 2025, the company's share price stood at Rs32.2 with a market capitalisation of Rs178 crore, reflecting investor confidence in its vision and execution. (ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)
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