TVS Motor Co. Ltd. grew its business by nearly a third in July-September 2025, even before the windfall that came along with GST reforms for India’s two-wheeler industry.
Net profit of India’s third largest two-wheeler maker rose 37% over the year-ago period to ₹906.09 crore in the three months ended 30 September, on the back of revenue that increased 29% to ₹11,905.43 crore, according to an exchange filing on Tuesday (28 October 2025).
TVS Q2 Results FY26 (Standalone, YoY)
- Revenue up 29% at ₹11,905.43 crore (Estimate: ₹11,730 crore)
- EBITDA up 40% at ₹1,508.60 crore (Estimate: ₹1,500 crore)
- EBITDA margin up 100 bps at 12.7% (Estimate: ₹12.8%)
- Net profit up 37% at ₹906.09 crore (Estimate: ₹905 crore)
One basis point is one-hundredth of a percentage point.
This is a developing story. More to come.