StockWatch
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TVS MOTOR COMPANY LTD. Q3 FY26 Results

TVSMOTORQ3 FY26 Results
Filing
MetricValue (₹ Cr)Q2 FY26Q3 FY25
Revenue14.8K5.0%32.5%
Total Income14.7K5.0%31.7%
Expenditure13.4K4.4%30.1%
PBT1.3K7.3%43.0%
Net Profit891.267.0%46.3%
OPM15.05%0.05pp14.52pp
NPM6.04%0.11pp0.41pp
EPS17.715.8%48.7%
View full financials

TVS Motor Registers Highest Ever Sales, Revenue and Profits in Q3FY26 with 37% Operating Revenue Growth

28 Jan 2026 · 28 Jan, 1:34 pm

Summary

TVS Motor Company's operating revenue grew by 37% at Rs. 12,476 Crores for the quarter ended December 2025 as against Rs. 9,097 Crores reported in the quarter ended December 2024. The Company's Operating EBITDA grew by 51% at Rs.1,634 Crores for the third quarter of 2025-26 as against EBITDA of Rs. 1,081 Crores in third quarter of 2024-25. The Company's PBT before exceptional items grew by 57% at Rs. 1,315 Crores for the third quarter of 2025-26 as against PBT of Rs. 837 Crores in third quarter of 2024-25.

Key Highlights

  1. 1

    Operating revenue grew by 37%

  2. 2

    Operating EBITDA grew by 51%

  3. 3

    PBT before exceptional items grew by 57%

  4. 4

    Overall two-wheeler and three-wheeler sales including international business grew by 27%

  5. 5

    Motorcycle sales grew by 31%

  6. 6

    Scooter sales for the quarter ended December 2025 grew by 25%

  7. 7

    The two-wheeler sales in international business grew by 35%

  8. 8

    Total three-wheeler sales for the quarter under review grew by 106%

  9. 9

    During the quarter under review, the Company’s EV sales grew by 40%

  10. 10

    Operating revenue grew by 29% for nine months ended December 2025

  11. 11

    The Company’s Operating EBITDA grew by 41% for nine months ended December 2025

  12. 12

    The Company’s PBT before exceptional items grew by 43% for the nine months ended December 2025

  13. 13

    The Company’s PAT for the nine months ended December 2025 is at Rs. 2,625 Crores

  14. 14

    Two-wheeler and three-wheeler sales including international business grew by 23%

  15. 15

    Motorcycle sales grew by 24%

  16. 16

    Scooter sales for the nine months ended December 2025 grew by 25%

  17. 17

    The two-wheeler sales in international business grew by 35%

  18. 18

    Total three-wheeler sales is at 1.59 Lakh units for the nine months ended December 2025

  19. 19

    Electric vehicles grew by 26% registering sales of 2.56 Lakh units for the nine months ended December 2025

Management Comments

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Not specified

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