TVS Motor Company announced its Q2 FY27 results, posting record revenue of ₹17,103 crore, a 44% growth year-on-year. Profit After Tax surged by 52% to ₹1,377 crore. The Board also approved a composite scheme of arrangement for the demerger of its consumer finance and related business undertaking into a separate entity, aimed at unlocking shareholder value and creating focused platforms.
TVS Motor Achieves Record Revenue and Profit in Q2 FY27
TVS Motor Company has announced its financial results for the quarter and half-year ended September 30, 2026, marking a period of strong performance and significant strategic moves. The company reported a record revenue from operations of ₹17,103 crore for the second quarter, representing a substantial 44% growth compared to ₹11,905 crore in the same period of the previous year (Q2 FY26).
Profit After Tax (PAT) also saw a significant increase, growing by 52% to ₹1,377 crore in Q2 FY27, up from ₹904 crore in Q2 FY26. The company’s EBITDA stood at ₹2,219 crore, marking a 47% growth, with an improved EBITDA margin of 13.0%.
Key Financial Highlights (Standalone)
Quarter Ended September 30, 2026
- Revenue from Operations: ₹17,103.41 crore (vs. ₹11,905.43 crore in Q2 FY26)
- Profit Before Tax: ₹1,864.55 crore (vs. ₹1,223.85 crore in Q2 FY26)
- Profit After Tax: ₹1,377.15 crore (vs. ₹903.64 crore in Q2 FY26)
- Total Comprehensive Income: ₹1,382.38 crore (vs. ₹912.08 crore in Q2 FY26)
Half Year Ended September 30, 2026
- Revenue from Operations: ₹30,999.49 crore (vs. ₹21,986.43 crore in H1 FY26)
- Profit Before Tax: ₹3,454.00 crore (vs. ₹2,273.98 crore in H1 FY26)
- Profit After Tax: ₹2,551.12 crore (vs. ₹1,679.29 crore in H1 FY26)
- Total Comprehensive Income: ₹2,568.43 crore (vs. ₹1,657.50 crore in H1 FY26)
Composite Scheme of Arrangement Approved
In a significant strategic move, the Board of Directors has approved a Composite Scheme of Arrangement to demerge the consumer finance and related business undertaking into a separate holding company. This demerger aims to unlock shareholder value by creating focused platforms for both the mobility and financial services businesses.
The proposed structure will allow for greater strategic autonomy, sharper capital allocation, and enhanced flexibility for the consumer finance sector. Shareholders will be able to participate in the future growth of both the mobility and financial services businesses.
Acquisition of STPL Trading and Services Private Limited
The Board also approved the acquisition of the entire stake of STPL Trading and Services Private Limited for a sum of ₹530.08 crore. This acquisition is part of the company’s business consolidation and restructuring initiatives. It is expected to result in an additional holding in TVS Credit Services Limited post-merger with Home Credit.
The acquisition is expected to be completed on or before December 31, 2026. STPL is engaged in the business of trading and services and holds 7.5% shares in Home Credit India Finance Private Limited.
Acquisition of Harita ARC Limited
Furthermore, the company approved the acquisition of the entire stake of Harita ARC Limited (“TVSM WOS”) for ₹25,000. This acquisition is intended to carry on the consumer finance and related business after the implementation of the demerger. The acquisition is expected to be completed on October 28, 2026.
Source: BSE
