TVS Motor FY26 net profit rises 31% to ₹998 crore in Q4; revenue hits record ₹47,270 crore

TVS Motor Company reported a robust 31% year-on-year rise in standalone net profit for the March quarter, driven by double-digit growth across motorcycles, scooters, electric vehicles and three-wheelers, helping the company close FY26 with record revenue and volumes.

The Chennai-based automaker’s Profit After Tax (PAT) for Q4 FY26 rose to ₹997.7 crore from ₹760.68 crore in the corresponding quarter last year, while revenue from operations climbed 34% to ₹12,807.63 crore, according to its regulatory filing and company statement. Quarterly revenue marked the highest-ever for the company.

TVS Motor said overall two-wheeler and three-wheeler sales, including exports, increased 28% to 15.60 lakh units during the quarter, compared with 12.16 lakh units a year earlier. The growth was led by scooters, electric vehicles and three-wheelers, reflecting sustained consumer demand and improving product mix.

EV momentum, scooter demand drive growth

Scooter sales rose 32% year-on-year to 6.60 lakh units in Q4, while motorcycle volumes grew 23% to 6.93 lakh units. Electric vehicle sales surged 51% to 1.15 lakh units during the quarter, underlining TVS Motor’s expanding presence in India’s fast-growing electric two-wheeler market.

Three-wheeler sales posted the sharpest jump, rising 65% to 60,000 units in the January-March period.

The company also reported an improvement in profitability metrics. Operating EBITDA margin for the quarter stood at 13.1%, compared with a normalised EBITDA margin of 12.5% in the year-ago period. TVS Motor clarified that Q4 FY25 margins had included Production Linked Incentive (PLI) benefits pertaining to earlier quarters.

Annual sales near 59 lakh units

For the full financial year, TVS Motor posted its highest-ever revenue of ₹47,270 crore, registering a 30% increase over FY25. Operating profit before tax rose 40% to ₹4,975 crore.

Annual vehicle sales crossed 58.89 lakh units, up 24% year-on-year, with electric vehicle volumes increasing 33% to 3.71 lakh units. The company said it now has more than 9 lakh EV customers globally.

TVS Motor had earlier announced an interim dividend of ₹12 per share for FY26, involving a payout of ₹570 crore. It also issued bonus non-convertible redeemable preference shares worth ₹1,900 crore during the year.

Shares of TVS Motor Company were trading 0.53% lower at ₹3,542 apiece on the NSE on Wednesday afternoon.