TVS Motor Q4 Results: Automaker's net profit rises 19% YoY; sales up 24% — Check full earnings details

TVS Motor Company on Wednesday reported its highest-ever annual revenue for the financial year 2025-26, driven by strong growth across motorcycles, scooters, electric vehicles and three-wheelers.

The company said revenue for FY26 rose 30 per cent to Rs 47,270 crore compared with Rs 36,251 crore recorded in FY25. Operating profit before tax (PBT) for the year grew 40 per cent to Rs 4,975 crore from Rs 3,563 crore in the previous financial year.

The company also said operating EBITDA margin improved by 60 basis points to 12.9 per cent during the year.

TVS Motor Quarterly profit up YoY, down QoQ

Consolidated net profit for the quarter ended March 31, 2026, stood at Rs 771.52 crore, registering a rise of 19.03 per cent from Rs 648.16 crore in the corresponding quarter last fiscal.

However, profit declined 8.29 per cent quarter-on-quarter from Rs 841.29 crore posted in the October-December period.

Total expenses in the March quarter increased 31.35 per cent year-on-year to Rs 13,746.18 crore from Rs 10,464.90 crore. Expenses were also up 2.82 per cent sequentially from Rs 13,369.20 crore.

TVS Motor's March quarter performance

The company reported its highest-ever quarterly revenue in the January-March period of FY26. Revenue from operations during the March quarter rose 30.42 per cent to Rs 15,052.73 crore from Rs 11,542 crore in the corresponding quarter of the previous fiscal.

On a sequential basis, revenue increased 2.01 per cent from Rs 14,755.52 crore reported in the December quarter.

Total income during the quarter rose 31.25 per cent year-on-year to Rs 15,059.38 crore from Rs 11,473.84 crore in the year-ago period. Sequentially, total income was higher by 2.13 per cent compared with Rs 14,745.22 crore in the December quarter.

TVS Motor consolidated profit rises 35 pc

According to the company’s financial results, consolidated net profit for FY26 increased 35.01 per cent to Rs 3,018.33 crore as against Rs 2,235.56 crore in FY25.

Revenue from operations during the year climbed 27.17 per cent to Rs 56,069.52 crore compared with Rs 44,089.01 crore in the previous fiscal.

Total income rose 27.03 per cent to Rs 56,091.53 crore in FY26 from Rs 44,158.57 crore a year earlier.

Total expenses for the year increased 26.13 per cent to Rs 51,178.65 crore as against Rs 40,579.10 crore in FY25.

TVS Motor EBITDA margin improves

The company said operating EBITDA margin for the March quarter improved to 13.1 per cent compared with the normalised EBITDA margin of 12.5 per cent in the corresponding quarter of FY25.

TVS Motor said the previous year’s March quarter included recognition of Production Linked Incentive (PLI) benefits relating to the full year, which had boosted revenue and margins in Q4 FY25.

The company said, excluding the earlier-quarter PLI benefit impact, normalised revenue in Q4 FY26 grew 36 per cent year-on-year.

Annual vehicle sales hit record high

TVS Motor said overall two-wheeler and three-wheeler sales during FY26 rose 24 per cent to 58.89 lakh units compared with 47.44 lakh units sold in FY25.

Motorcycle sales for the fiscal year increased 24 per cent to 27.13 lakh units from 21.95 lakh units in the previous year. Scooter sales grew 27 per cent to 24.13 lakh units during FY26 as against 19.04 lakh units in FY25.

The company said strong demand in domestic and overseas markets supported the growth momentum during the year.

EV business maintains growth momentum

Electric vehicle sales during FY26 rose 33 per cent to 3.71 lakh units compared with 2.79 lakh units in FY25. The company said it now has more than nine lakh EV customers.

Three-wheeler sales during the year grew 63 per cent to 2.19 lakh units as against 1.35 lakh units in the previous fiscal. The company said continued expansion in EV adoption and growth in last-mile mobility demand contributed to higher sales volumes.

Q4 sales surge across segments

During the March quarter, overall two-wheeler and three-wheeler sales, including international business, increased 28 per cent to 15.60 lakh units from 12.16 lakh units in the year-ago period.

Motorcycle sales in the quarter rose 23 per cent to 6.93 lakh units compared with 5.64 lakh units in Q4 FY25. Scooter sales increased 32 per cent to 6.60 lakh units from 5.02 lakh units a year earlier.

Electric vehicle sales during the quarter surged 51 per cent to 1.15 lakh units from 0.76 lakh units in the corresponding period last year.

Three-wheeler sales in the quarter grew 65 per cent to 0.60 lakh units compared with 0.37 lakh units in Q4 FY25.

TVS Motor Interim dividend announced

The company said its board had earlier declared an interim dividend of Rs 12 per equity share, or 1,200 per cent, for FY26. The dividend payout involves an aggregate outgo of Rs 570 crore.

TVS Motor also allotted four fully paid bonus non-convertible redeemable preference shares (NCRPS) of face value Rs 10 each for every equity share held. The total value of the allotment stood at Rs 1,900 crore, with maturity scheduled for September 1, 2026.

New independent director appointed

Separately, the company announced the appointment of Ravindran Shanmugam as an Additional Director and Non-Executive Independent Director, subject to shareholder approval through postal ballot.

The appointment will be effective from May 13, 2026, for a period of five consecutive years. Ravindran Shanmugam, popularly known as Ravi, is the Co-founder and Executive Chairman of Singapore-based AI-enabled interior design platform Mablle.

He previously served as Chief Executive Officer of Livspace Southeast Asia and has also held leadership roles at Grab and McKinsey & Company.

The company said his experience in artificial intelligence, digital platforms, supply chain systems and technology-led transformation would strengthen board-level discussions on innovation, technology governance and long-term growth strategy.