TVS Holdings (520056) Q2 25/26 earnings summary

Executive summary

• Unaudited standalone and consolidated financial results for the quarter and half year ended 30th September 2025 were approved and reviewed by the Board and auditors, with no material misstatements identified.

• The group comprises multiple subsidiaries and associates, including significant international operations.

Financial highlights

• Standalone Q2 FY26 revenue from operations: ₹56.91 Cr; net profit: ₹19.30 Cr, up from ₹12.44 Cr in Q2 FY25.

• Consolidated Q2 FY26 revenue from operations: ₹14,549.15 Cr; net profit: ₹880.08 Cr, up from ₹598.81 Cr in Q2 FY25.

• Half-year consolidated net profit: ₹1,555.44 Cr; EPS (basic & diluted) for Q2: ₹218.89.

• Net gain on sale/fair valuation of investments for Q2 includes a loss of ₹30.78 Cr.

Outlook and guidance

• Credit ratings for NCDs remain 'CRISIL AA+ / STABLE' and 'CARE AA+ / STABLE'.

• No deviations or variations in the utilization of funds raised from listed debt securities.