TVS Motor Q4 Results: Net profit jumps 17.5%, FY26 revenue surges 30%

TVS Motor Company Ltd. reported a 17.5% year-on-year increase in consolidated net profit for the quarter ended March 31, 2026. The company achieved a consolidated net profit of Rs 819.55 crore in the January–March quarter of FY26, compared to Rs 697.51 crore in the same period last year. Consolidated revenue from operations rose 30.4% to Rs 15,052.73 crore in the fourth quarter, up from Rs 11,542 crore a year earlier.

Key Highlights

• TVS Motor's Q4 net profit rose 17.5 percent to Rs 819.55 crore
• Consolidated revenue for Q4 increased 30.4 percent to Rs 15052.73 crore
• Annual sales of two- and three-wheelers grew 24 percent to 58.89 lakh units
• Electric vehicle sales in Q4 rose 51 percent to 1.15 lakh units
• EBITDA margin expanded to 13.9 percent in FY26

Quarterly Financial Performance

Total expenses for the quarter increased 31.3% to Rs 13,746.18 crore, compared to Rs 10,464.9 crore in the previous year. TVS Motor saw strong growth across all vehicle segments, including motorcycles, scooters, electric vehicles, and three-wheelers.

Overall two-wheeler and three-wheeler sales, including exports, increased 28% to 15.60 lakh units in Q4FY26, up from 12.16 lakh units in the same quarter last year. Motorcycle sales grew 23% to 6.93 lakh units from 5.64 lakh units. Scooter sales rose 32% to 6.60 lakh units, compared with 5.02 lakh units in the corresponding quarter of FY25.

Electric vehicle sales increased 51% to 1.15 lakh units during the quarter, up from 76,000 units a year earlier. Three-wheeler sales rose 65% to 60,000 units in the March quarter, compared with 37,000 units in the same period last fiscal year.

Full Year Results and Key Metrics

For the full financial year ended March 31, 2026, TVS Motor reported a consolidated net profit of Rs 3,186.43 crore. This marks a 33.9% increase from Rs 2,379.81 crore in FY '25. Annual consolidated revenue from operations rose 27.2% to Rs 56,069.52 crore in FY26, up from Rs 44,089 crore in the previous financial year.

Total two-wheeler and three-wheeler sales for FY26 increased 24% to 58.89 lakh units, compared with 47.44 lakh units in FY25. The company’s EBITDA margin expanded to 13.9%, up 130 basis points year-on-year, crossing the “teens” threshold for the first time.

TVS Motor’s growth was supported by strong demand in both domestic and export markets. The company continues to invest in electric mobility and new product launches. Financing programs now offer separate options for vehicles and batteries, with ownership costs starting at Rs 51,520. The product range targets younger riders and will be available in twenty markets through existing distribution channels.

Also Read: TVS Raider 125 Crosses 19 Lakh Sales, Ranks Third in 125cc Segment

CarBike 360 Says

TVS Motor’s strong Q4 performance caps off a successful FY25, reflecting sustained demand, strategic product launches, and growing export momentum. With consistent innovation and a focus on electric mobility, the company appears well-positioned to maintain its growth trajectory. As market dynamics evolve, TVS Motor’s balanced portfolio and operational efficiency will likely remain key drivers of future performance.