TVS Motor Q3 FY26 Results: Net Profit Jumps 49%, Revenue and Sales Hit Record High
TVS Motor Company delivered a robust financial performance in the third quarter of FY26, reporting its highest-ever quarterly sales, revenue, and profits. Strong demand across motorcycles, scooters, electric vehicles, and three-wheelers, along with margin expansion, supported the company’s impressive growth during the quarter ended December 31, 2025.
Strong Growth in Profit and Revenue
The company’s consolidated net profit surged 49% year-on-year (YoY) to ₹841 crore in Q3 FY26, compared with ₹566 crore in the same quarter last year. Revenue from operations rose sharply by 34% YoY to ₹14,756 crore, up from ₹11,035 crore in Q3 FY25, reflecting healthy volume growth and improved product mix.
Operating performance also remained strong. EBITDA climbed 37.2% to ₹2,271 crore from ₹1,654 crore a year ago. The EBITDA margin improved to 15.3% in the reporting quarter, compared with 14.9% in Q3 FY25, indicating better cost efficiencies and operating leverage.
Record Performance Over Nine Months
For the nine months ended December 2025, TVS Motor posted solid cumulative growth. Operating revenue increased by 29% to ₹34,463 crore, compared with ₹26,701 crore in the corresponding period last year.
During the same period, operating EBITDA rose 41% to ₹4,406 crore. Profit after tax (PAT) for the nine-month period stood at a strong ₹2,625 crore, underlining sustained profitability across business segments.
Vehicle Sales Touch All-Time High
TVS Motor achieved its highest-ever quarterly vehicle sales in Q3 FY26. Total two-wheeler and three-wheeler sales, including international operations, grew 27% YoY to 15.44 lakh units, compared with 12.12 lakh units in the same quarter last year.
Key Segment-Wise Sales Highlights
- Motorcycles: Sales rose 31% to 7.26 lakh units, up from 5.56 lakh units in Q3 FY25.
- Scooters: Sales increased 25% to 6.14 lakh units, compared with 4.93 lakh units a year ago.
- International two-wheeler business: Volumes grew 35% YoY to 3.66 lakh units.
- Three-wheelers: Sales more than doubled, rising 106% to 0.60 lakh units, from 0.29 lakh units in the year-ago quarter.
Electric Vehicle Sales Gain Momentum
The company’s electric vehicle (EV) segment continued its strong growth trajectory. EV sales jumped 40% YoY, reaching a record 1.06 lakh units in Q3 FY26, compared with 0.76 lakh units in the same quarter last year. This growth highlights rising consumer adoption of electric mobility and TVS Motor’s expanding EV portfolio.
Outlook
With record sales volumes, improving margins, and strong demand across domestic and international markets, TVS Motor has entered the second half of FY26 on a solid footing. Continued focus on electric vehicles, exports, and premium offerings could support sustainable growth going forward.
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