Synopsis: One of the biggest Indian two wheeler manufacturer TVS Motor Company witnesses to generate its highest ever Operating Revenue, and also International two-wheeler sales increased 33 percent YoY.
The large cap stock of TVS motors witnessed a surge of 5 percent soon after the company announced it Q3FY26 result that included a YoY profit growth of 46 percent, while the 9MFY26 profit surged by 40 percent YoY and stood only Rs 13 Cr less than the total FY25 profit number.
With a market cap of Rs 1,77,381 Cr, TVS Motor Company Ltd saw its stock hit an intraday high of Rs 3749 which is 5 percent higher than the previous close of Rs 3565. The stock has given a compounded return of 52 percent in the last 3 years, while in the last one year the number is at 57 percent.
The Q3FY26 Result
In the latest quarterly result the company has seen its revenue from operations increase by 34 percent YoY, from Rs 11,035 Cr in Q3FY25 to Rs 14,756 Cr in Q3FY26, while the QoQ increased by 5 percent from Rs 14,051 Cr. The net profits grew by 46 percent going from Rs 609 Cr in Q3FY25 to Rs 891 Cr in Q3FY26, while the QoQ increased by 7 percent from Q2FY26’s Rs 833 Cr.
In 9M numbers of the fiscal year, the company saw its revenue from operations increase by 26 percent YoY, from Rs 32,546 Cr in 9MFY25 to Rs 41,016 Cr in 9MFY26. The net profits for the same period grew by 40 percent going from Rs 1,682 Cr to Rs 2,366 Cr.
The company has a 3 year sales CAGR of 22 percent, while the TTM is at 23 percent. The company’s 3 year profit CAGR is at 41 percent, while the TTM number is at 49 percent. The company also has a ROCE of 45 percent and a ROE of 28 percent.
Highlights
The company reported a robust performance, with profit rising 40 percent year-on-year, while EBITDA margins improved to a record high of 13.1 percent, the highest ever for the company. The company also witnessed its highest ever Operating Revenue of Rs. 12,476 Crores this is a growth of 37 percent from Rs. 9,097 Crores of Q3FY25.
Total two-wheeler and three-wheeler sales including international volumes grew 27 percent YoY to an all-time high of 15.44 lakh units, driven by strong domestic and export demand. The three-wheeler volumes more than doubled with a sharp 106 percent YoY growth, and EV sales rose 26 percent YoY to 2.56 lakh units.
Talking about the international business of two wheeler, the company saw a revenue growth of more than 33 percent with selling 3.6 Lakh units for Q3FY26, while the Q2FY25 number stood at 2.7 Lakh units only.
Incorporated in 1978, TVS Motor Company is a leading Indian two-wheeler and three-wheeler manufacturer, engaged in the design, development, manufacturing and marketing of motorcycles, scooters and mopeds. Headquartered in Chennai, Tamil Nadu, the company has a strong domestic and international presence, with a growing focus on electric vehicles, exports and premium mobility solutions.
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