TVS Motor Q4 Profit Jumps 66% on Record EV & Scooter Sales

Introduction

TVS Motor Company has concluded the financial year 2024-25 on a high note, reporting a robust performance for the fourth quarter ending March 2026. The company announced a significant 65.5% year-on-year (YoY) increase in its consolidated profit before tax (PBT), which stood at ₹1,112 crore. This impressive profitability was driven by a 17% rise in revenue from operations to ₹9,550 crore, fueled by record sales volumes across its two-wheeler segments, particularly electric vehicles and scooters.

Stellar Financial Performance in Q4

TVS Motor's financial results for Q4 FY25-26 surpassed market expectations, showcasing strong operational efficiency and demand. The company's revenue from operations grew to ₹9,550 crore from ₹8,169 crore in the corresponding quarter of the previous year. The standalone net profit saw an even sharper increase, soaring by 76% YoY to ₹852 crore compared to ₹485 crore in Q4 FY24. A key indicator of operational health, the company's Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) rose by 44% YoY to a record high of ₹1,333 crore for the quarter. This growth was attributed to a favorable product mix, healthy pricing, and effective cost management, leading to a significant expansion in EBITDA margins.

Robust Sales Volumes Drive Growth

The strong financial results were underpinned by a solid increase in vehicle sales. During Q4 FY25-26, TVS Motor sold a total of 1.216 million units, marking a 14% growth over the 1.063 million units sold in the same period last year. The growth was broad-based, with the scooter segment leading the way. Scooter sales surged by 27% to 502,000 units, while motorcycle sales grew by a healthy 10% to 564,000 units. The three-wheeler segment also performed well, recording a 21% increase in sales to 37,000 units.

Electric Vehicle Segment Leads the Charge

A standout performer for TVS Motor was its electric vehicle (EV) division. The company's strategic focus on electrification is yielding significant results, with EV sales in Q4 jumping by an impressive 54% YoY to 76,000 units, up from 49,000 units in the prior year's quarter. This surge highlights the growing consumer acceptance of TVS's EV offerings and strengthens its position in the competitive electric two-wheeler market. For the full fiscal year, EV sales grew by 44%, reaching 279,000 units.

Full Fiscal Year 2024-25 in Review

The strong fourth quarter capped off a record-breaking year for TVS Motor. For the full fiscal year 2024-25, the company registered its highest-ever sales, revenue, and profitability. Total vehicle sales for the year grew by 13% to 4.74 million units. Annual revenue from operations increased by 14.08% to ₹36,251.32 crore, while the standalone net profit for the year rose by 30.12% to ₹2,710.54 crore. This sustained performance throughout the year reflects the company's strong brand equity and robust product portfolio.

International Business and Exports

TVS Motor's international business also contributed significantly to its growth. Total exports for the fourth quarter increased by 31% to 340,000 units. For the full fiscal year, exports registered a growth of 18%, with strong demand from key markets in Africa and Latin America. This demonstrates the company's growing global footprint and its ability to compete effectively in international markets.

Sustained Momentum and Market Outlook

The company has carried its strong momentum into the new fiscal year. Sales data for January 2026 showed a 29% YoY increase in total monthly sales, indicating continued robust demand. TVS Motor's performance has consistently outperformed sector expectations, driven by its strategic focus on premiumization, a diverse product portfolio, and a clear lead in the transition to electric mobility. The company's strong Q4 and full-year results position it well for continued growth in the coming quarters.

Conclusion

TVS Motor Company delivered an exceptional performance in the fourth quarter and the full fiscal year 2024-25. Record-breaking revenue and profitability were achieved through strong sales volumes across all major segments, with the scooter and electric vehicle divisions showing remarkable growth. With a solid foundation, a clear strategic direction, and sustained market demand, TVS Motor is poised to strengthen its leadership position in both domestic and international two-wheeler markets.