TVS Motor’s FY26 operating PBT jumps 40% to ₹4,975 crore

TVS Motor Company reported a 40% increase in operating profit before tax at ₹4,975 crore for FY2025-26, driven by robust growth across motorcycles, scooters, electric vehicles and three-wheelers.

The company’s annual revenue rose 30% to ₹47,270 crore, while operating EBITDA margin improved to 12.9%.

TVS Motor recorded total sales of 58.89 lakh units during FY26, up 24% year-on-year.

Scooter sales grew 27% to 24.13 lakh units, while motorcycle sales rose 24% to 27.13 lakh units. Electric vehicle sales increased 33% to 3.71 lakh units during the fiscal year.

In Q4 FY26, the company achieved its highest-ever quarterly revenue of ₹12,808 crore.

The operating EBITDA margin during the quarter stood at 13.1%, improving from the normalised EBITDA margin of 12.5% in Q4 FY25.

Electric vehicle sales during the quarter surged 51% to 1.15 lakh units compared to 0.76 lakh units in the year-ago period.

The company also reported a 65% rise in quarterly three-wheeler sales at 0.60 lakh units.

TVS Motor said the previous year’s Q4 numbers included Production Linked Incentive (PLI) benefits pertaining to the full year, impacting comparability.