{"id":178008,"date":"2026-01-28T03:39:37","date_gmt":"2026-01-28T08:39:37","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=178008"},"modified":"2026-01-28T03:39:37","modified_gmt":"2026-01-28T08:39:37","slug":"tvs-motor-company-ltd-reports-record-quarterly-revenue-and-profits-for-q3-fy26","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/tvs-motor-company-ltd-reports-record-quarterly-revenue-and-profits-for-q3-fy26\/","title":{"rendered":"TVS Motor Company Ltd Reports Record Quarterly Revenue and Profits for Q3 FY26"},"content":{"rendered":"\n

TVS Motor Company Ltd (BSE: 532343; NSE: TVSMOTOR) announced record-breaking financial results for the third quarter ended December 31, 2025. Total unit sales for the quarter reached 15.44 Lakh units, a 27% increase compared to the same period last year. This growth in volume and revenue significantly improved the company\u2019s profitability margins and overall market position.<\/p>\n\n\n\n

Operating revenue rose 37% year-over-year to Rs. 12,476 Crores, driven by record sales of 15.44 Lakh units. The company achieved its highest-ever quarterly EBITDA margin of 13.1%, reflecting strong performance in motorcycles and electric vehicles.<\/p>\n\n\n\n

Stock Market Performance and Analyst Context<\/strong><\/h2>\n\n\n\n

Latest Quarterly Results and Highlights For the quarter ended December 2025, operating revenue increased to Rs. 12,476 Crores from Rs. 9,097 Crores in the prior-year period. Operating EBITDA grew 51% to reach Rs. 1,634 Crores. The company reported its highest-ever quarterly EBITDA margin of 13.1%. Profit Before Tax (PBT) before exceptional items grew 57% to Rs. 1,315 Crores.<\/p>\n\n\n\n

Full Year Context and Growth Trends For the cumulative nine-month period ending December 2025, operating revenue rose 29% to Rs. 34,463 Crores. Operating EBITDA for the same period reached Rs. 4,406 Crores, a 41% increase year-over-year. Nine-month Profit After Tax (PAT) stood at Rs. 2,625 Crores, compared to Rs. 1,858 Crores in the previous year. Total unit sales for the nine months reached 43.28 Lakh units, representing 23% year-over-year growth.<\/p>\n\n\n\n

Segment Updates and Regulatory Milestones<\/strong><\/h2>\n\n\n\n

\u2022 Motorcycles: Quarterly sales grew 31% to 7.26 Lakh units.<\/p>\n\n\n\n

\u2022 Scooters: Sales rose 25% to 6.14 Lakh units.<\/p>\n\n\n\n

\u2022 Electric Vehicles (EV): Quarterly EV sales reached a record 1.06 Lakh units, a 40% increase.<\/p>\n\n\n\n

\u2022 International Business: Two-wheeler sales in international markets expanded by 35% to 3.66 Lakh units.<\/p>\n\n\n\n

\u2022 Three-Wheelers: Quarterly sales grew 106% to 0.60 Lakh units.<\/p>\n\n\n\n

\u2022 Product Milestone: The company entered the adventure rally-tourer segment with the Apache RTX, which was named Indian Motorcycle of the Year 2026.<\/p>\n\n\n\n

Performance by Business Vertical<\/strong><\/h2>\n\n\n\n

The company registered growth across all primary product categories during the third quarter:<\/p>\n\n\n\n

\u2022 Motorcycles: Sales rose 31% to 7.26 Lakh units.<\/p>\n\n\n\n

\u2022 Scooters: Sales grew 25% to 6.14 Lakh units.<\/p>\n\n\n\n

\u2022 Three-Wheelers: This segment saw the highest growth at 106%, totaling 0.60 Lakh units.<\/p>\n\n\n\n

\u2022 Electric Vehicles (EV): EV sales reached a record 1.06 Lakh units, a 40% year-over-year increase.<\/p>\n\n\n\n

\u2022 International Business: Two-wheeler exports expanded by 35% to 3.66 Lakh units.<\/p>\n\n\n\n

\u2022 Mopeds: Quarterly sales stood at 1.44 Lakh units.<\/p>\n\n\n\n

For the cumulative nine-month period, total sales reached 43.28 Lakh units, representing 23% growth. Revenue for this period rose 29% to Rs. 34,463 Crores.<\/p>\n\n\n\n

Business Model and Market Situation<\/strong><\/h2>\n\n\n\n

TVS Motor Company Ltd operates manufacturing facilities in India and Indonesia, exporting to 80 countries. The company\u2019s business model focuses on premiumization and sustainable mobility. Its portfolio includes the UK-based Norton Motorcycles and the Switzerland-based TVS Ebike Company AG. A strategic collaboration with BMW Motorrad has now surpassed 200,000 units produced.<\/p>\n\n\n\n

Management Commentary and Future Outlook<\/strong><\/h2>\n\n\n\n

Management has highlighted a roadmap for European expansion and the introduction of six new products across internal combustion engine (ICE) and electric segments. The company is also developing advanced rider technologies, including AR-based HUD helmets. Norton Motorcycles announced a global resurgence strategy at EICMA 2025.<\/p>\n\n\n\n

Where Does TVS Motor Company Ltd Stand Today? The company remains the only two-wheeler manufacturer to receive the Deming Prize. It maintains a leadership position in the mass scooter segment with the TVS Jupiter, which was named the Most Preferred Brand for 2025\u201326.<\/p>\n\n\n\n

Illustrative Stock Chart<\/strong><\/h2>\n\n\n\n

(Note: This chart is for illustrative purposes and based on a hypothetical six-month trend leading to the January 2026 results.)<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Last 6 Months Illustrative Stock Trend. The x-axis represents the six months ending in January 2026. The y-axis represents the stock price. The trend illustrates steady growth leading up to the record Q3 earnings announcement.<\/p>\n","protected":false},"excerpt":{"rendered":"

TVS Motor Company Ltd (BSE: 532343; NSE: TVSMOTOR) announced record-breaking financial results for the third quarter ended December 31, 2025. Total unit sales for the quarter reached 15.44 Lakh units, a 27% increase compared to the same period last year. This growth in volume and revenue significantly improved the company\u2019s profitability margins and overall market […]<\/p>\n","protected":false},"author":2385,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1941,6351],"tags":[14898,14899,14904,14902,14903,14905,14900,14901],"class_list":["post-178008","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-analysis","category-consumer-stocks","tag-tvs-motor-company","tag-tvs-motor-earnings","tag-tvs-motor-investor-relations","tag-tvs-motor-stocks","tag-tvs-motor-ticker","tag-tvsmotor-announcements","tag-tvsmotor-investors","tag-tvsmotor-stocks"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":178022,"url":"https:\/\/alphastreet.com\/india\/tvs-motor-company-ltd-announces-record-revenue-growth-and-segment-expansion-in-q3-fy26\/","url_meta":{"origin":178008,"position":0},"title":"TVS Motor Company Ltd Announces Record Revenue Growth and Segment Expansion in Q3 FY26","author":"Staff Correspondent","date":"January 28, 2026","format":false,"excerpt":"TVS Motor Company Ltd (BSE: 532343; NSE: TVSMOTOR) achieved record financial results for the quarter ended December 31, 2025. Total sales reached 15.44 Lakh units compared to 12.12 Lakh units in the prior-year period. Profit Before Tax (PBT) before exceptional items grew by 57% to Rs. 1,315 Crores. Key Segment\u2026","rel":"","context":"In "Analysis"","block_context":{"text":"Analysis","link":"https:\/\/alphastreet.com\/india\/category\/stock-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":124860,"url":"https:\/\/alphastreet.com\/india\/tvs-motor-company-ltd-tvsmotor-q1-fy22-earnings-concall\/","url_meta":{"origin":178008,"position":1},"title":"TVS Motor Company Ltd (TVSMOTOR) Q1 FY22 Earnings Concall","author":"Sahil_Anand","date":"July 29, 2021","format":false,"excerpt":"TVS Motor Company Ltd (NSE:TVSMOTOR) Q1 FY22 Earnings Concall dated July. 29, 2021","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/09\/TVS-Motor-Company-Ltd-Q1-FY22-Earnings-Concall.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/09\/TVS-Motor-Company-Ltd-Q1-FY22-Earnings-Concall.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/09\/TVS-Motor-Company-Ltd-Q1-FY22-Earnings-Concall.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/09\/TVS-Motor-Company-Ltd-Q1-FY22-Earnings-Concall.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/09\/TVS-Motor-Company-Ltd-Q1-FY22-Earnings-Concall.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/09\/TVS-Motor-Company-Ltd-Q1-FY22-Earnings-Concall.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":128281,"url":"https:\/\/alphastreet.com\/india\/tvs-motor-company-ltd-q3-fy22-earnings-conference-call-insights\/","url_meta":{"origin":178008,"position":2},"title":"TVS Motor Company Ltd Q3 FY22 Earnings Conference Call Insights","author":"Praveen","date":"March 16, 2022","format":false,"excerpt":"Key highlights from TVS Motor Company Ltd (TVSMOTOR) Q3 FY22 Earnings Concall Management Update: TVSMOTOR reported the highest EBITDA of INR568 crore, up by 11% YoY. Also, the company registered highest ever PBT of INR391 crores which grew by 8% YoY. Q&A Highlights: Kapil Singh from Nomura asked about the\u2026","rel":"","context":"In "Concall Highlights"","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":170370,"url":"https:\/\/alphastreet.com\/india\/tvs-motors-q1-fy26-earnings-results\/","url_meta":{"origin":178008,"position":3},"title":"TVS Motors Q1 FY26 Earnings Results","author":"Chirag Gupta","date":"August 20, 2025","format":false,"excerpt":"TVS Motor Company Ltd (TVSM) is engaged in manufacturing two-wheelers and its accessories; it currently manufactures a wide range of two-wheelers and three-wheelers. Presenting below are its Q1 FY26 earnings results. \u00a0 Q1 FY26 Earnings Results Consolidated Revenue: \u20b912,210 crore, up 18.38% year-over-year (YoY) from \u20b910,314 crore in Q1 FY25.\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"TVS Motors Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/7-8.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/7-8.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/7-8.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/7-8.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/7-8.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/7-8.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":139340,"url":"https:\/\/alphastreet.com\/india\/tvs-motors-reported-a-28-rise-in-its-net-profit-for-q3fy23\/","url_meta":{"origin":178008,"position":4},"title":"TVS Motors reported a 28% rise in its net profit for Q3FY23","author":"Chirag Gupta","date":"January 26, 2023","format":false,"excerpt":"Two and three wheeler major TVS Motor Company clocked a net profit of nearly 304 crore in the third quarter of fiscal 2022-23, up 28% from the 237 crore clocked in the year-ago quarter. Sequentially however, Q3 PAT was down 18.4% compared to Q2 tally of nearly 373 crore. The\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/af0b5a53-ac73-4807-b407-bca64075dbd7.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/af0b5a53-ac73-4807-b407-bca64075dbd7.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/af0b5a53-ac73-4807-b407-bca64075dbd7.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/af0b5a53-ac73-4807-b407-bca64075dbd7.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/af0b5a53-ac73-4807-b407-bca64075dbd7.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/af0b5a53-ac73-4807-b407-bca64075dbd7.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":140867,"url":"https:\/\/alphastreet.com\/india\/tvs-motors-net-profit-soars-by-28-in-q3fy23-due-to-the-festive-season\/","url_meta":{"origin":178008,"position":5},"title":"TVS motors net profit soars by 28% in Q3FY23 due to the festive season","author":"Chirag Gupta","date":"January 26, 2023","format":false,"excerpt":"Two and three wheeler major TVS Motor Company clocked a net profit of nearly 304 crore in the third quarter of fiscal 2022-23, up 28% from the 237 crore clocked in the year-ago quarter. Sequentially however, Q3 PAT was down 18.4% compared to Q2 tally of nearly 373 crore. The\u2026","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/178008","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/2385"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=178008"}],"version-history":[{"count":1,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/178008\/revisions"}],"predecessor-version":[{"id":178010,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/178008\/revisions\/178010"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=178008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=178008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=178008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}