TVS Motor Company announced record-breaking results for Q3FY26. Operating revenue surged by 37% to ₹12,476 Crores. The company achieved its highest-ever quarterly sales of 15.44 Lakh units, driven by strong performance in both domestic and international markets. EBITDA margin reached 13.1%, and PBT stood at ₹1,315 Crores.
Exceptional Financial Performance
TVS Motor Company reported its highest-ever sales, revenue, and profits for the third quarter of fiscal year 2026 (Q3FY26). Key highlights include:
- Operating Revenue: Grew by 37% to ₹12,476 Crores, compared to ₹9,097 Crores in the same quarter last year.
- Operating EBITDA: Increased by 51% to ₹1,634 Crores. The operating EBITDA margin reached a peak of 13.1%.
- PBT (before exceptional items): Rose by 57% to ₹1,315 Crores.
Sales Volume Growth
The company achieved record quarterly sales of 15.44 Lakh units in Q3FY26, a 27% increase compared to 12.12 Lakh units in the corresponding quarter of the previous year. This includes two-wheelers and three-wheelers, encompassing both domestic and international business.
- Motorcycle Sales: Grew by 31% to 7.26 Lakh units.
- Scooter Sales: Increased by 25% to 6.14 Lakh units.
- International Business (Two-Wheelers): Expanded by 35%, reaching 3.66 Lakh units.
- Three-Wheeler Sales: Saw a significant increase of 106% to 0.60 Lakh units.
Electric Vehicle (EV) Sales
The company’s EV sales grew by 40%, achieving highest-ever quarterly sales of 1.06 Lakh units during the quarter. This showcases TVS Motor’s growing presence and success in the electric vehicle segment.
Cumulative Nine-Month Performance
For the nine months ending December 2025, TVS Motor Company reported the following:
- Operating Revenue: Grew by 29% to ₹34,463 Crores.
- Operating EBITDA: Increased by 41% to ₹4,406 Crores.
- PBT (before exceptional items): Grew by 43% to ₹3,594 Crores.
Sales Volume (Nine Months)
The company’s total sales volume for the nine months ended December 2025 reached 43.28 Lakh units, a 23% increase compared to the same period last year. Key highlights include:
- Motorcycle Sales: Increased by 24% to 20.19 Lakh units.
- Scooter Sales: Grew by 25% to 17.52 Lakh units.
- International Business (Two-Wheelers): Expanded by 35% to 10.47 Lakh units.
- Three-Wheeler Sales: Reached 1.59 Lakh units.
- Electric Vehicle Sales: Grew by 26%, registering sales of 2.56 Lakh units.
Source: BSE
