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Informist, Wednesday, May 13, 2026

 

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--TVS Motor Jan-Mar net profit INR 9.98 bln
--Analysts saw TVS Motor Jan-Mar net profit at INR 10.05 bln
--TVS Motor Jan-Mar revenue INR 128.08 bln
--Analysts saw TVS Motor Jan-Mar revenue at INR 125.92 bln
--TVS Motor Jan-Mar net profit INR 9.98 bln vs INR 7.61 bln year ago
--TVS Motor Jan-Mar revenue INR 128.08 bln vs INR 95.50 bln year ago
--TVS Motor FY26 net profit INR 36.15 bln vs INR 26.34 bln year ago
--TVS Motor FY26 revenue INR 472.70 bln vs INR 362.51 bln year ago
--TVS Motor Jan-Mar operating EBITDA margin at 13.1%
--TVS Motor Jan-Mar operating EBITDA INR 16.79 bln vs INR 11.72 bln year ago
 

 

By Anand JC

 

MUMBAI – TVS Motor Co. Ltd. reported the best year-on-year growth in its revenue from operations for any March quarter since 2020-21 (Apr-Mar), as sales of its automobile units continued to benefit from the cut in Goods and Services Tax, which became effective in late 2025. Its revenue for the March quarter, which was better than expectations, was also the highest for any quarter. However, its net profit missed the estimate by a tad.

 

TVS Motor reported a net profit of INR 9.98 billion for the quarter under review, up 31% on year and 6% on quarter. Analysts had expected the company's net profit to grow 32% on year to INR 10.05 billion.

 

Its top line for the March quarter grew 34% on year and nearly 3% on quarter to INR 128.08 billion. Analysts had pegged TVS Motor's revenue from operations at INR 125.92 billion.

 

TVS Motor sold 1.56 million automobile units in the March quarter, up 28% on year. These include the sale of 693,000 motorcycles, up 23% on year, and 660,000 scooters, up 32% on year. While despatches of its mopeds grew 29% on year to 146,000 units, those of its three-wheelers surged 65% on year to 60,000 units.  More

 

The company reported operating earnings before interest, tax, depreciation, and amortisation of INR 16.79 billion, up 43% on year. Its operating profit before tax surged 47% on year to a record high of INR 13.75 billion for the quarter under review. TVS Motor's operating EBITDA margin for the quarter stood at 13.1%, up from 14% a year ago. 

 

TVS Motor had reported revenue of INR 95.50 billion in the year-ago quarter. However, this included the benefit from the production-linked incentive scheme. Excluding the benefit of the PLI scheme, the company's EBITDA margin was 12.5% in the year-ago quarter.

 

The growth in the automaker's expenses for the reporting quarter kept pace with the rise in its revenues. Its overall costs grew 35% on year to INR 114.33 billion. The cost of materials consumed jumped 31% on year to INR 89.26 billion, while other expenses rose to INR 13.36 billion. 

 

For FY26, the company's automobile sales grew 24% on year to 5.89 million units. The company's revenue from operations for FY26 grew 30% on year to INR 472.70 billion and its profit rose 37% to INR 36.15 billion.

 

At 1356 IST, shares of the company traded 0.8% lower at INR 3,532.90 on the National Stock Exchange.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Avishek Dutta

 

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