TVS Motor Q2 net profit soars 37% to ₹906 crore

In the electric vehicle segment, TVS achieved its highest-ever quarterly EV sales of 0.80 lakh units, marking a 7 per cent rise from 0.75 lakh units in Q2 FY25.

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TVS Motor Company on Tuesday reported a 37 per cent increase in its standalone net profit for July-September (Q2) period of FY26 to ₹906 crore, up from ₹663 crore registered in the same period last year.The company’s operating revenue rose 29 per cent YoY to ₹11,905 crore during the period, up from ₹9,228 crore in the same period last year. Operating EBITDA grew 40 per cent to ₹1,509 crore, while margins improved by 100 basis points to 12.7 per cent. Profit before tax (PBT) jumped 37 per cent to ₹1,226 crore, compared with ₹897 crore in Q2 FY25.

Performance across segment

TVS said the performance was supported by its highest-ever quarterly sales of 15.07 lakh units, up 23 per cent from 12.28 lakh units in the year-ago quarter. Motorcycle sales grew 20 per cent to 6.73 lakh units, while scooters registered a 30 per cent jump to 6.39 lakh units. The company’s three-wheeler sales climbed 41 per cent to 0.53 lakh units during the quarter.Exports also saw a sharp rebound, with two-wheeler international sales up 31 per cent to 3.63 lakh units, underscoring improved demand from key markets.

In the electric vehicle segment, TVS achieved its highest-ever quarterly EV sales of 0.80 lakh units, marking a 7 per cent rise from 0.75 lakh units in Q2 FY25. The company noted, however, that magnet availability remains a challenge in the short to medium term.

H1 FY26 sales

For the first half of FY26, TVS reported total revenue of ₹21,986 crore, up 25 per cent from ₹17,604 crore in the first half of FY25. PBT during the period rose 36 per cent to ₹2,279 crore. Total two-wheeler sales for the half-year stood at 26.86 lakh units, up 20 per cent year-on-year, while three-wheeler sales surged 43 per cent to 0.98 lakh units.The company also expanded its product portfolio with four new launches over the last three months: TVS Orbiter, TVS King Kargo HD EV, TVS NTORQ 150, and TVS Apache RTX.