TVS Motor Q1 Profit Jumps 32%, Three-Wheeler Sales at Record High

TVS Motor Company reported a 32.4% increase in consolidated net profit in the first quarter of FY26, kicking off the year with a strong start. For the April–June period, the Chennai-based automaker reported a profit of ₹610.04 crore, which was higher than ₹460.88 crore in the same period last year.

Revenue from operations rose 18.4% year-on-year to ₹12,210.05 crore. Operating profit (EBITDA) came in at ₹1,813.84 crore, a 25% jump. Margins also improved, EBITDA margin rose to 14.86%, up by 81 basis points from last year.

The sharp uptick was led by record vehicle sales. TVS Motor sold 12.77 lakh units in the quarter, its highest ever. A standout performer? Its three-wheeler segment.

Three-wheeler volumes surged 46% year-on-year to 45,000 units. This includes both light commercial vehicles and passenger commercial vehicles, which are fast gaining traction in urban and semi-urban markets. The company’s commercial vehicle strategy is clearly delivering results.

Total exports during the quarter also rose sharply: up 39% to 3.52 lakh units. The company's profit margins increased during the quarter due to higher volume and a strong mix of higher margin products.

The company has been sharpening its focus on higher-margin vehicles. While its two-wheeler lineup continues to evolve, the commercial vehicle business. TVS commercial vehicles are showing strong promise, both in domestic and export markets.

On a standalone basis, TVS Motors posted ₹779 crore in profit, a 35% year-on-year increase. Revenue reached ₹10,081 crore. With margins increasing by 100 basis points to 12.5%, EBITDA reached its highest level ever at ₹1,263 crore.

TVS is in a strong position for the upcoming quarters thanks to a strong start to the year and increasing momentum in its commercial vehicle lineup.

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