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TVS reported strong performance in the second quarter of the fiscal year 2025-26 (Q2 FY26) with strong growth in revenue, profit, and sales volume. This performance was assisted by robust domestic demand, a recovery in exports, and high EV sales.
For the quarter that concluded in September 2025, the consolidated net profit increased by 41.9% YoY, reaching Rs. 795.48 crore compared to Rs. 560.49 crore in the same period last year. Profit surged 30% from Rs. 610.04 crore in the previous quarter.
The growth was mainly driven by healthy demand across product segments, along with better operating performance. Revenue from operations of the automaker soared to Rs. 14,051 crore, marking a YoY increase of 25.4%, up from Rs. 11,197 crore in Q2 FY25.
Revenue grew 15% from Rs. 12,210 crore, reflecting consistent volume expansion and better realization across markets.
TVS Motor posted an all-time high quarterly operating EBITDA of Rs. 1,509 crore, a 40% increase over Rs. 1,080 crore reported during the same period last year.
The EBITDA margin increased to 12.7%, with a 100 basis points increase, compared to 11.7% in the second quarter of fiscal year 2025. The management credited the improved margin to cost management, a favorable product mix, and higher sales coming from its premium and electric vehicle categories.
The record EBITDA performance showcases the operational strength and consistent profitability even during input cost pressures.
The company has recorded its highest quarterly sales of 1.5 million (15.07 lakh) units, with a 23% YoY growth from 12.28 lakh units last year in the same quarter.
Motorcycle sales rose 20% to roughly 6.73 lakh units. Scooters grew, 30% to about 6.39 lakh units, as demand was strong for premium and commuter segments.
In the electric vehicle (EV) segment, TVS Motor achieved its highest-ever quarterly EV sales of 80,000 units, up 7% YoY from 75,000 units in Q2 FY25.
The two-wheeler exports increased 31% to 3.63 lakh units, indicating major overseas markets had a healthy recovery, while the sales of three-wheelers surged 41% to 53,000 units, driven by rural demand and mobility expansion.
Within the electric vehicle (EV) segment, the company achieved a record quarterly EV sales of 80,000 units, an increase of 7% compared to the previous year, when it was 75,000 units in Q2 FY25.
The company said it continues to face supply challenges, particularly in magnet availability, which could impact short-term production.
TVS Motor is positive about growth in the second half of FY26, indicating a consistent demand for premium two-wheelers, an expanding EV portfolio, and steady performance in exports. The company plans to boost its electric range, broaden its footprint globally, and exercise cost control to further increase its margins.
