TVS quarterly results
Two-wheeler and three-wheeler manufacturer TVS Motor Company has surprised the market with its December quarter (Q3FY26) results. The company has recorded the highest ever profit, revenue and sales in this quarter. Strong demand, better operational performance and increasing popularity of electric vehicles have taken the company’s performance to new heights.
Strong increase in profits and revenue
The company’s consolidated net profit increased by 49% year-on-year to ₹841 crore, compared to ₹566 crore in the same quarter last year. At the same time, revenue from operations was ₹ 14,756 crore, which is 34% more than last year. The performance remained strong even on quarterly basis. Profit increased by 6% compared to Q2FY26, while revenue increased by 5%.
Improve Operating Performance
TVS’s operating income increased by 37% to ₹12,476 crore. The company’s EBITDA (operating profit) also increased by 51% to ₹1,634 crore. EBITDA margin increased to a record 13.1%, which shows that the company is not only selling more, but is also improving cost control and operational efficiency.
Record performance on the sales front
In Q3FY26, the company’s total two-wheeler and three-wheeler sales (including domestic and international markets) increased by 27% to 15.44 lakh units, which is the highest quarterly sales till date.
- Motorcycle sales: up 31% to 7.26 lakh units
- Scooter sales: 25% increase to 6.14 lakh units
- Sales in international markets: up 35% to 3.66 lakh units
- Three-wheeler sales: 106% jump at 0.60 lakh units
EV segment becomes new engine of growth
TVS has also made a strong hold in the electric vehicle segment. The company’s EV sales increased by 40% to 1.06 lakh units, which is a new record. This is a clear indication that customers are rapidly moving towards electric mobility and TVS is taking advantage of this trend.
Growth may continue further
Experts believe that TVS Motor’s growth can continue in future due to domestic demand, recovery in export market and expansion of EV portfolio. The company’s strong results are also being considered a positive sign for the auto sector.