TVS Motor Company Ltd reported a 51% year-on-year rise in profit after tax (PAT) to ₹1,174 crore for the first quarter of FY27, driven by record vehicle sales, robust international demand and strong growth in its electric vehicle (EV) business.
The company had posted a PAT of ₹776 crore in the corresponding quarter of the previous financial year.
Revenue from operations increased 38% to a record ₹13,896 crore during the April-June quarter, compared with ₹10,081 crore in the same period last year.
The company said the quarterly PAT includes a fair valuation gain on investments of ₹150 crore, compared with a gain of ₹28 crore in the year-ago period.
Record operating performance
TVS Motor reported its highest-ever quarterly EBITDA of ₹1,779 crore, registering a 41% increase from ₹1,260 crore recorded in the first quarter of FY26.
The company’s EBITDA margin improved by 30 basis points to 12.8%, compared with 12.5% in the corresponding quarter last year.
The company said global market uncertainties led to a sharp increase in commodity prices during the quarter, resulting in higher input costs. However, it was able to partially offset the impact through calibrated price increases, cost optimisation initiatives and benefits arising from higher production volumes.
Highest-ever quarterly sales
TVS Motor achieved its highest-ever quarterly sales, with combined two-wheeler and three-wheeler volumes rising 28% to 1.63 million units, compared with 1.28 million units in the year-ago quarter.
Motorcycle sales grew 19% to 0.74 million units, while scooter sales recorded a stronger 36% growth to 0.68 million units, reflecting sustained demand across key domestic and international markets.
International business gains momentum
The company’s international business continued its strong growth trajectory, with sales increasing 33% to 0.47 million units during the quarter, up from 0.35 million units in the corresponding period last year.
The performance underscores TVS Motor’s expanding presence in overseas markets and its growing contribution to the company’s overall business.
EV business accelerates
TVS Motor’s electric mobility business maintained strong momentum during the quarter, with electric two-wheeler sales surging 86% to 129,940 units, compared with 70,060 units in the first quarter of FY26.
The company also crossed a significant milestone, announcing that it now has more than one million electric vehicle customers, reinforcing its position in India’s fast-growing EV market.
Three-wheeler business posts strong growth
The company’s three-wheeler business also delivered a robust performance, with sales rising 48% to 66,697 units during the quarter, compared with 44,978 units in the corresponding period of the previous financial year.
The strong growth across motorcycles, scooters, electric vehicles and three-wheelers helped TVS Motor deliver record quarterly revenue and profitability despite inflationary pressures on raw material costs.
With sustained demand across domestic and international markets and continued momentum in electric mobility, the company remains well positioned to build on its growth trajectory during the remainder of FY27.