TVS Motor Company
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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.
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Q4 25/26 earnings summary13 May, 2026

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.

Impact of SACL merger on restated FY25 results
EPR cost estimation under 2025 ELV Rules
BaaS pricing strategy for TVS Orbiter V1
Explain the PLI normalization for Q4 comparisons
Discuss the TVS Orbiter BaaS pricing strategy
Explain the 63% growth in three-wheelers
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Next TVS Motor Company earnings date

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Q1 26/2730 Jul, 2026
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