TVS Motor Q2 profit jumps 52% to ₹1,377 crore as revenue rises 44% to record ₹17,103 crore
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TVS Motor Company reported a strong second quarter for FY27, with net profit rising 52.4% year-on-year to ₹1,377 crore, while revenue from operations climbed 43.7% to a record ₹17,103 crore.
The company’s performance was supported by higher vehicle volumes and improved operating profitability. EBITDA rose 47.2% year-on-year to ₹2,219 crore, while the EBITDA margin expanded to 13% from 12.7% in the year-ago quarter, an improvement of 30 basis points.
TVS Motor sold 19.19 lakh vehicles during the September quarter, compared with 15.07 lakh units in Q2 FY26, marking a 27.4% year-on-year increase. Sales were also higher sequentially, rising from 16.31 lakh units in the preceding quarter.
The company had earlier reported that its total Q2 sales grew 27% year-on-year to 19.1 lakh units. Two-wheeler sales stood at 18 lakh units, while three-wheeler sales increased 47% to 78,475 units. International business sales grew 35% to 5.39 lakh units. Electric two-wheelers remained a key growth driver. TVS Motor had reported a 133% year-on-year increase in EV sales during the quarter, with 1.86 lakh electric two-wheelers sold.
TVS Motor plans demerger of consumer finance business
Separately, TVS Motor’s board approved a composite scheme of arrangement aimed at separating its consumer finance and related business activities into a dedicated entity.
As part of the restructuring, TVS Motor will acquire the entire stake in Harita ARC Ltd, also referred to as TVSM WOS, from TVS Credit Services for a cash consideration of ₹25,000. The transaction is intended to facilitate the proposed demerger of the consumer finance and related business undertaking.
The scheme involves TVS Motor Services Ltd, TVS Motor Company and Harita ARC Ltd, with the resulting structure expected to create a separate platform for the financial-services business.
The proposed restructuring is part of TVS Motor’s broader effort to create more focused businesses, with the consumer finance operations separated from the core automotive business. The move follows the company’s continued expansion across mobility and financial services.
Sudarshan Venu, chairman, TVS Motor Company, said, "The businesses being demerged have developed strong capabilities, customer relationships and platforms that position them well for the future. We believe this new structure will create additional value for stakeholders while providing these businesses with greater strategic autonomy. The demerger will allow them to pursue opportunities across consumer finance and related sectors and allocate capital in line with their growth priorities. It positions them to realise the full potential of their assets and capabilities while enabling TVS Motor Company to remain focused on strengthening its leadership in mobility globally. Importantly, our shareholders will continue to participate in the future growth of both businesses."