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EquityWireEarnings Review: TVS Motor Q1 revenue, PAT hit record high, surpass view
Earnings Review

TVS Motor Q1 revenue, PAT hit record high, surpass view

This story was originally published at 14:57 IST on 21 July 2026
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Informist, Tuesday, Jul. 21, 2026

 

--TVS Motor Apr-Jun net profit INR 11.74 bln
--Analysts saw TVS Motor Apr-Jun net profit at INR 10.13 bln
--TVS Motor Apr-Jun revenue INR 138.96 bln
--Analysts saw TVS Motor Apr-Jun revenue at INR 135.97 bln
--TVS Motor Apr-Jun net profit INR 11.74 bln vs INR 7.76 bln year ago
--TVS Motor Apr-Jun revenue INR 139.96 bln vs INR 100.81 bln year ago
--TVS Motor to raise up to INR 10 bln via NCDs, CPs
--TVS Motor Apr-Jun EBITDA INR 17.79 bln vs INR 12.60 bln year ago
--TVS Motor Apr-Jun operating EBITDA margin 12.8% vs 12.5% year ago
--TVS Motor: Partly mitigated high input costs through price adjustments
--TVS Motor Apr-Jun revenue INR 138.96 bln vs INR 100.81 bln year ago

 

By Anand JC

 

MUMBAI – TVS Motor Co. Ltd. reported a record high revenue and net profit for the June quarter on the back of record high wholesale sales. The Chennai-based automaker's top line grew at the fastest rate year-on-year in the last 16 quarters, while this was its best June quarter since 2022 in terms of profit growth.  

 

TVS Motor reported a net profit of INR 11.74 billion for the quarter under review, up 51% on year. Analysts had expected the company's bottom line to be INR 10.13 billion.

 

The company's revenue from operations for the June quarter was INR 138.96 billion, up 38% on year. TVS Motor's top line for the reporting quarter just about exceeded expectations of INR 135.97 billion. The company's other income saw a fourfold rise for the period at INR 1.51 billion.

 

Strong growth in wholesale sales remained the driving force behind TVS Motor's financial showing in the June quarter. The company recorded record high sales of 1.63 million units during the period, up 28% on year.

 

TVS Motor reported earnings before interest, tax, depreciation, and amortisation of INR 17.79 billion for the quarter ended June, up 41% on year. Its EBITDA margin improved to 12.8%, up 30 basis points on year. 

 

Overall, the two-wheeler maker's total expenses surged a little over 37% on year to INR 124.58 billion. Of this, the cost of materials consumed – the firm's highest expenditure – grew 46% on the year to INR 101.05 billion. 

 

"Commodity prices witnessed a sharp upward trend during the quarter due to global market uncertainties resulting in increased input costs," the company said in a press release. "The Company partially mitigated the cost increases through price adjustments and focused cost optimisation initiatives, including scale benefits," it added. 

 

TVS Motor's board on Tuesday approved a proposal to raise up to INR 10 billion through non-convertible debentures and other debt instruments.

 

At 1440 IST, its shares were up 5.5% at INR 3,786 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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