TVS Motor Q3 net profit rises 52% to Rs 940 crore, shares jump 3%

TVS Motor Q3 net profit rises 52% to Rs 940 crore, shares jump 3%

• TVS Motor Q3 net profit up 52% to Rs 940 crore, revenue up 37% to Rs 12,476 crore
• Quarterly sales hit record 15.44 lakh units, three-wheeler sales up 106%
• TVS Motor shares surged over 3% after results, up 58% in past year

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Two- and three-wheeler firm TVS Motor Company Ltd on January 28 reported 52% increase in standalone net profit at Rs 940 crore for the quarter ended December 31, 2025. It reported standalone net profit of Rs 618 crore in the year-ago period.

This includes a one-time exceptional cost of Rs 41.37 crore due to past period employee benefit liability arising out of the new labour codes, which took effect from September 21 last year.

The firm's standalone revenue from operations rose 37% to Rs 12,476 crore in Q3FY26 from Rs 9,097 crore in Q3FY25.

The company said that its operating EBITDA grew by 51% at Rs 1,634 crores during the quarter under review, while operating EBITDA margin for the quarter was highest at 13.1%.

TVS Motor sales:

The company's domestic two-wheeler sales alone grew almost 23%, ahead of the industry's 16.9% expansion.

The Apache maker's operating earnings before interest, taxes, depreciation and amortization margin rose to 13.1% from 11.9%, which analysts said was driven by sale of more profitable vehicles and favourable forex.

The rollout of new tax reforms last year improved affordability and boosted disposable income, fuelling demand for two‑wheeler sales in the country.

Government slashed GST on two-wheelers with engine capacities of up to 350cc to 18% from 28%, which covers most of TVS’ lineup.

The tax cuts, coupled with festive buying, propelled domestic two-wheeler sales to around 5.7 million units, a record figure for the third-quarter.

TVS Motor said that its overall two-wheeler and three-wheeler sales including international business grew by 27%, marking its highest ever quarterly sales of 15.44 lakh units in the quarter ended December 2025.

Motorcycle sales grew by 31% to 7.26 lakh units, while scooter sales rose 25% to 6.14 lakh units during the quarter under review. "The two-wheeler sales in international business grew by 35% at 3.66 Lakh units in the quarter ended December 2025 as against 2.72 Lakh units in the quarter ended December 2024. Total three-wheeler sales for the quarter under review grew by 106% at 0.60 Lakh units as against 0.29 Lakh units during third quarter of 2024-25," the firm said.

TVS Motor share price:

TVS Motor shares sharply jumped more than 3 percent after the release of the results. After trading in the red in the morning trading hours, the shares sharply surged nearly 6 percent from its day's low to trade at Rs 3,690 apiece.

The stock has gained around 32 percent in the past six months, and more than 58 percent in the past one year.

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