TVS shares jump 5% after posting strong Q3 performance
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TVS Motor Company reported a strong performance for the quarter ended December 2025, led by robust volume growth, improved margins, and a sharp rise in electric vehicle sales. Reacting to this, the share price of the auto company recorded a 4.88% to hit an intraday high of Rs 3,742.10 in today’s trade.
Operating revenue for the quarter rose 37% year-on-year to ₹12,476 crore, compared with ₹9,097 crore in the corresponding quarter last year. Operating EBITDA climbed 51% to ₹1,634 crore from ₹1,081 crore, with margins expanding to a record 13.1%, up from 12.4% a year earlier. Profit before tax (before exceptional items) increased 57% to ₹1,315 crore, compared with ₹837 crore in the year-ago period.
Electric vehicle sales surged 40% during the quarter, with the company recording its highest-ever quarterly EV volumes of 1.06 lakh units, up from 0.76 lakh units in the December 2024 quarter.
On a quarterly basis, overall two-wheeler and three-wheeler sales, including international operations, increased 27% to a record 15.44 lakh units, compared with 12.12 lakh units in the December 2024 quarter. Motorcycle sales grew 31% to 7.26 lakh units, while scooter sales rose 25% to 6.14 lakh units. International two-wheeler volumes increased 35% to 3.66 lakh units. Three-wheeler sales more than doubled to 0.60 lakh units, compared with 0.29 lakh units in the year-ago quarter. EV volumes for the quarter rose 40% to 1.06 lakh units.
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Performance over nine months
For the nine months ended December 2025, operating revenue grew 29% to ₹34,463 crore, compared with ₹26,701 crore in the same period last year. Operating EBITDA rose 41% to ₹4,406 crore from ₹3,121 crore, while profit before tax (before exceptional items) increased 43% to ₹3,594 crore. Profit after tax for the nine months stood at ₹2,625 crore, up from ₹1,858 crore a year earlier.
Total two-wheeler and three-wheeler sales, including international business, grew 23% year-on-year to 43.28 lakh units during the nine-month period, compared with 35.27 lakh units last year. Motorcycle sales increased 24% to 20.19 lakh units, while scooter sales rose 25% to 17.52 lakh units. International two-wheeler sales grew 35% to 10.47 lakh units. Three-wheeler sales stood at 1.59 lakh units, up from 0.98 lakh units a year ago. Electric vehicle sales for the nine months rose 26% to 2.56 lakh units.