TVS Motor Q2FY26 Net Profit Increases 42% YoY to ₹795.5 Crore; Revenue Up 26% at ₹14,051 Crore

Chennai, October 28, 2025 – TVS Motor Company Ltd (NSE: TVSMOTOR) has posted a strong 42% year-on-year (YoY) growth in consolidated net profit attributable to owners of ₹795.48 crore for the quarter ended September 30, 2025 (Q2FY26), from ₹560.49 crore during the prior-year period. The overall income of the company grew 25% YoY to ₹14,037.22 crore, driven by high demand for premium motorcycles and electric scooters.

Robust Quarterly Financial Results

Operating revenue increased to ₹14,051.22 crore during Q2FY26 from ₹11,197.19 crore during Q2FY25, an increase of 25.6% year on year and 15.1% quarter on quarter. Overall expenses increased to ₹12,801.67 crore primarily because of an increase in input and employee expenses, while the profit before tax (PBT) remained at ₹1,223.29 crore — an increase of 39.3% YoY.

Net income in the quarter rose by 42% YoY to ₹795.48 crore, while earnings per share (EPS) also rose to ₹16.74 from ₹11.65 a year ago, reflecting operating resilience and effective cost control.

Half-Year Performance Highlights

For the six months ended September 30, 2025 (H1FY26), TVS Motor clocked a consolidated net profit of ₹1,405.52 crore, up 37.6% over ₹1,021.37 crore in the same period of FY25. The total income was up 21.8% at ₹26,286.93 crore due to robust domestic sales and increasing export volumes.

Operational Review

Raw material cost consumed increased steeply to ₹8,705.78 crore from ₹6,560.71 crore during the previous year due to rising input costs and production. Staff expenses were at ₹1,085.20 crore compared to ₹917.02 crore in Q2FY25, while finance charges were unchanged at ₹552.39 crore. Other operating expenses increased 16% YoY to ₹2,116.98 crore. Though costs were higher, the company’s enhanced product mix and growth in the premium segment supported profitability.

Market Snapshot and Valuation

As of 3:30 pm IST, TVS Motor’s share closed at ₹3,547.90, lower by 2.53% from yesterday’s close of ₹3,639.90. The market capitalisation of the company was at ₹1.69 lakh crore, with a 52-week high-low band of ₹3,523.80 to ₹3,720. The stock is priced at a price-to-earnings multiple of 66.66, with a delivery percentage of about 50.5%, indicating consistent investor involvement.

REF: https://nsearchives.nseindia.com/corporate/TVSMOTOR_28102025145111_TVSMNSEBSE_RESULTS_sd.pdf

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