TVS Motor posts record Q2 revenue of Rs 17,103 crore, up 44%, as profit jumps 52%
TVS Motor Company has reported its highest-ever quarterly revenue of Rs 17,103 crore for Q2 FY 2026-27, up 44%, with profit after tax up 52% to Rs 1,377 crore on record sales of 1.9 million units.
- Rs 17,103 crore
- Rs 1,377 crore
- 1.9 million units
- 186,186 units
What Happened
TVS Motor Company, part of TVS VENU, reported revenue of Rs 17,103 crore for the second quarter of FY 2026-27, a 44% increase from Rs 11,905 crore in the same quarter a year earlier. EBITDA reached a company-high Rs 2,219 crore, up 47% from Rs 1,507 crore. EBITDA margin improved by 30bps to 13.0% for the quarter ended September 2026, from 12.7% a year earlier. Profit after tax grew 52% to Rs 1,377 crore, against Rs 904 crore in the second quarter of 2025-26.
- Rs 17,103 crore vs Rs 11,905 crore, up 44%
- Rs 2,219 crore vs Rs 1,507 crore, up 47%
- Rs 1,377 crore vs Rs 904 crore, up 52%
186,186units
Up 133% from 80,009 units in Q2 FY 2025-26 — the fastest-growing segment in the quarter.
- Total two- and three-wheeler sales: 1.9 million units, up 27% from 1.5 million — the company's highest ever quarterly sales
- Motorcycles: 0.9 million units, up 28% from 0.7 million
- Scooters: 0.8 million units, up 29% from 0.6 million
- International business: 0.5 million units, up 35% from 0.4 million
- Three-wheelers: 78,475 units, up 47% from 53,449 units
- Rs 30,999 crore vs Rs 21,986 crore, up 41%
- Rs 3,454 crore vs Rs 2,274 crore, up 52%
- 3.4 million units vs 2.7 million units, up 27%
For the half-year ended September 2026, total three-wheeler sales grew 47% to 145,172 units from 98,427 units a year earlier. International business sales of two- and three-wheelers for the half-year grew 34% to 1.0 million units from 0.8 million units. The company announced the results from Bengaluru on October 28, 2026.
Previously from TVS Motor Company
MotorClaw reported earlier in October that TVS Motor sold 1.9 million vehicles in the second quarter of FY 2026-27, with two-wheeler sales up 27% and electric two-wheeler sales up 133%. Those are the same volume figures the company now confirms alongside its revenue and profit for the quarter.
Background drawn from MotorClaw's earlier coverage of TVS Motor Company's official releases.
Why this matters
The quarterly report is the clearest snapshot of how a two- and three-wheeler maker turns vehicle sales into revenue and profit, and it shows growth across motorcycles, scooters, three-wheelers and international business at once. Electric two-wheeler volumes more than doubled, the fastest-growing part of the business, while the half-year figures show the same trend holding over six months.
Terms in This Story
- EBITDA
- Earnings before interest, tax, depreciation and amortisation — a measure of operating profit that strips out financing and accounting costs so periods can be compared.
- bps
- Basis points; one basis point is one-hundredth of a percentage point, so 30bps equals 0.30 percentage points.
- three-wheeler
- A vehicle with three wheels, typically used as a small passenger carrier or light goods transporter.
Summarised from the linked release; details can be imperfect — always verify against the original source.