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TVS Motor Company (532343) investor relations material
TVS Motor Company Q4 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record sales of 5.9 million units in FY 2026, up 24% year-over-year, with highest ever revenue of ₹47,270 crore, a 30% increase from the previous year.
Operating EBITDA margin improved to 12.9% for the year, and operating PBT grew 40% to ₹4,975 crore.
Quarterly sales reached 1.56 million units, up 28% year-over-year in Q4 FY26; quarterly revenue hit ₹12,808 crore, up 36% year-over-year.
Strong growth across ICE, EV, and three-wheeler segments, with international and domestic markets both contributing.
Continued focus on premiumization, product innovation, and international expansion.
Financial highlights
FY26 operating EBITDA was ₹6,079 crore, up 37% year-over-year; Q4 operating EBITDA was ₹1,679 crore, up 43% year-over-year.
FY26 operating PBT was ₹4,975 crore, up 40% year-over-year; Q4 operating PBT was ₹1,375 crore, up 47% year-over-year.
Net profit after tax (standalone): ₹3,615 crore for FY26 (up from ₹2,634 crore in FY25); Q4 net profit: ₹998 crore.
Earnings per share (standalone): ₹76.09 for FY26 (up from ₹55.44 in FY25).
EV revenue for FY26 was approximately ₹5,000 crore.
Outlook and guidance
Expects strong single-digit industry growth in FY 2027, with company aiming to outpace industry.
Scooters, EVs, and premium segments expected to drive growth; economy segment to remain challenging.
International momentum to continue, with close monitoring of geopolitical and supply chain risks.
Capacity expansion underway to reach 8.3 million units annually.
Board declared an interim dividend of ₹12 per share for FY26, totaling ₹570 crore.
- Record sales, 37% revenue growth, 13.1% EBITDA margin, and 40% EV sales surge.532343
Q3 25/2618 Apr 2026 - Record sales, robust EV growth, and strategic global expansion defined the AGM.532343
AGM 20242 Feb 2026 - Record revenue, profit, and sales growth driven by strong ICE/EV demand and margin gains.532343
Q1 24/252 Feb 2026 - Record revenue, 23% PAT growth, 31% EV sales surge, and improved financial metrics.532343
Q2 24/2519 Jan 2026 - Q3 revenue up 10%, EBITDA margin at 11.9%, and EV sales surged 57%.532343
Q3 24/259 Jan 2026 - FY 2024-25 saw record revenue, profit, and EV growth, with margins at multi-year highs.532343
Q4 24/2520 Dec 2025 - Record sales, revenue, and profits with strong growth in EVs and new product launches.532343
Q2 25/2619 Dec 2025 - Record growth, EV leadership, global expansion, and robust governance marked the AGM.532343
AGM 202523 Nov 2025 - Record sales, revenue, and profit with strong growth in EVs and all vehicle segments.532343
Q1 25/261 Nov 2025
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