Chennai-based TVS Motor Company reported a 52% year-on-year increase in profit after tax (PAT) to ₹1,377 crore in Q2FY27, compared with ₹904 crore in the corresponding quarter last year, as revenue grew 44% to ₹17,103 crore from ₹11,905 crore.
The company, part of the TVS Venu Group, also reported its highest-ever quarterly EBITDA of ₹2,219 crore, up 47% from ₹1,507 crore in Q2FY26.
EBITDA margin improved by 30 basis points to 13% in the quarter ended September 2026, compared with 12.7% a year earlier. The improvement in profitability accompanied strong growth across motorcycles, scooters, electric two-wheelers and international markets.
Record quarterly sales drive growth
TVS Motor recorded its highest-ever quarterly sales during Q2FY27, with combined two-wheeler and three-wheeler volumes rising 27% to 1.9 million units from 1.5 million units in the year-ago quarter.
Motorcycle sales increased 28% to 0.9 million units from 0.7 million units, while scooter sales grew 29% to 0.8 million units from 0.6 million units.
The electric two-wheeler business was a key growth driver. Sales surged 133% to 186,186 units in Q2FY27 from 80,009 units in Q2FY26, highlighting the rapid expansion of the company’s electric mobility business.
Three-wheeler sales rose 47% to 78,475 units from 53,449 units in the corresponding quarter last year.
The company’s international business also maintained strong momentum, with sales increasing 35% to 0.5 million units from 0.4 million units.
Half-year revenue crosses ₹30,000 crore
For the six months ended September 2026, TVS Motor’s revenue increased 41% to ₹30,999 crore from ₹21,986 crore in the corresponding period of the previous financial year.
Profit before tax (PBT) rose 52% to ₹3,454 crore from ₹2,274 crore, reflecting the company’s strong financial performance during the first half of FY27.
Two-wheeler sales for the half-year increased 27% to 3.4 million units from 2.7 million units. Three-wheeler sales grew 47% to 145,172 units from 98,427 units.
Combined international sales of two-wheelers and three-wheelers rose 34% to 1 million units from 0.8 million units during the corresponding six-month period last year.
The quarterly results point to broad-based volume growth, with electric two-wheelers and three-wheelers recording particularly strong gains. Higher revenue, combined with an improvement in EBITDA margin, supported the expansion in quarterly profit.
However, the company’s ability to sustain margin improvement will remain an important factor to watch as it expands sales across domestic and international markets.