TVS Motor Q3 Results: Profit Jumps 49% to ₹841 Crore

Introduction to TVS Motor's Strong Quarter

TVS Motor Company has reported a remarkable performance for the third quarter of the fiscal year 2026, ending December 31, 2025. The two-wheeler major announced its highest-ever quarterly sales, revenue, and profits, signaling robust demand and strong operational efficiency. The company's consolidated net profit saw a significant 49% year-on-year increase, underscoring a period of substantial growth across its product segments.

Detailed Financial Performance

For the December quarter, TVS Motor's consolidated net profit attributable to its owners stood at ₹841 crore, a substantial rise from the ₹566 crore reported in the corresponding quarter of the previous year. On a sequential basis, the profit after tax (PAT) grew by 6% from ₹795 crore in the second quarter of FY26. The company's consolidated revenue from operations surged by 34% year-on-year, reaching ₹14,756 crore compared to ₹11,034 crore in Q3 FY25. The topline also recorded a 5% quarter-on-quarter growth from ₹14,051 crore in the July-September 2025 period.

Operational Excellence and Margin Expansion

The company's operational metrics showed significant improvement. Operating earnings before interest, taxes, depreciation, and amortisation (EBITDA) grew by an impressive 51% year-on-year to ₹1,634 crore, up from ₹1,081 crore in the same period last year. This strong growth in operating profit was accompanied by a notable expansion in margins. The operating EBITDA margin reached a record high of 13.1%, a healthy improvement from the 12.4% reported in the third quarter of the previous fiscal year. This expansion highlights the company's ability to manage costs effectively while benefiting from a favorable product mix and increased sales volumes.

Record-Breaking Sales Volume

TVS Motor achieved its highest-ever quarterly sales, with a total of 15.44 lakh units sold during the quarter. This represents a 27% growth compared to the 12.12 lakh units sold in the quarter ended December 2024. The sales growth was broad-based, with strong performance across all key segments, including motorcycles, scooters, and electric vehicles. This record volume indicates strong consumer demand for TVS products in both domestic and international markets.

Segment-Wise Sales Breakdown

The motorcycle segment was a key driver of growth, with sales increasing by 31% to 7.26 lakh units. The scooter segment also performed well, posting a 25% rise in sales to 6.14 lakh units. The company's strategic focus on electric mobility continues to yield positive results. The electric vehicle (EV) segment witnessed a 40% growth in sales, achieving a new quarterly high of 1.06 lakh units, up from 0.76 lakh units in the previous year. This performance solidifies TVS Motor's position as a significant player in the rapidly growing EV space.

Market Reaction to Stellar Earnings

Investors responded positively to the strong quarterly numbers. Following the announcement, shares of TVS Motor Company climbed 3.27% to trade at ₹3,682 on the BSE, compared to its previous close of ₹3,565.30. The positive stock movement reflects market confidence in the company's growth trajectory and its ability to deliver consistent financial performance.

Nine-Month Performance Overview

The strong performance in the third quarter contributed to a healthy financial standing for the first nine months of FY26. For the period ending December 2025, the company's operating revenue increased by 29% to ₹34,463 crore. Operating EBITDA for the nine-month period grew by 41% to ₹4,406 crore, while Profit Before Tax (PBT) before exceptional items rose by 43% to ₹3,594 crore, demonstrating sustained momentum throughout the fiscal year.

Conclusion and Forward Outlook

TVS Motor Company's performance in the third quarter of FY26 sets a new benchmark for the company, with record figures across sales, revenue, and profitability. The robust growth in both conventional two-wheelers and the burgeoning EV segment highlights a well-executed strategy that caters to diverse market needs. The expansion in operating margins further attests to the company's operational strength. This strong quarterly report positions TVS Motor favorably for the remainder of the fiscal year and reinforces its competitive standing in the automotive industry.