TVS Motor Company Share Price Slips After Q2 Results; Revenue and Profit Jump in FY26

Market Performance

TVS Motor Company’s share price opened weak after the company announced its July–September quarter results. The stock slipped nearly 2% in early trade on October 29 and was seen around ₹3,498.50 on the NSE and BSE.

The reaction came a day after the company reported a sharp rise in profitability and revenue for Q2 FY26. Despite the strong numbers, the stock saw mild selling pressure as markets digested the operating performance and the sharp YoY jump in earnings.

Main News: Strong Q2 Performance Despite Stock Dip

TVS Motor delivered a solid financial performance for the July–September period. The company reported a 37% YoY rise in standalone net profit, climbing to ₹906 crore, compared with ₹663 crore in the same quarter last year.

Revenue growth was equally strong. The company’s revenue from operations rose 29% YoY to ₹11,905 crore, up from ₹9,228 crore a year ago. The company benefited from healthy demand across its two-wheeler portfolio, boosting volumes and improving operational strength.

Key operating metrics showed a steady improvement as well:

• EBITDA: ₹1,509 crore (up from ₹1,080 crore YoY)
• EBITDA Growth: 40% YoY
• EBITDA Margin: 12.7% (expansion of 100 bps YoY)

This was the company’s highest-ever quarterly operating EBITDA, marking a notable milestone for the two-wheeler manufacturer.

Company Details

TVS Motor Company, a major name in the Indian and global two-wheeler market, continued to gain from strong domestic demand and improving export momentum.

The company’s quarter was shaped by:

• Higher sales across product segments
• Improved operating leverage
• Stronger realisations from premium offerings

Its established presence in both domestic and international markets two-wheelers helped lift volumes, contributing to improved margins and stronger operating performance.

Financial Breakdown

To make the financial story clearer, here are the Q2 FY26 numbers in simple pointers:

Revenue

• ₹11,905 crore, up 29% YoY
• Previous year: ₹9,228 crore

EBITDA

• ₹1,509 crore, up 40% YoY
• Previous year: ₹1,080 crore

EBITDA Margin

• 12.7%, up 100 bps YoY

Net Profit

• ₹906 crore, up 37% YoY
• Previous year: ₹663 crore

These numbers reflect strong demand, better mix, and operational efficiency.

Summary

TVS Motor Company’s Q2 FY26 results show a sharp improvement in profitability, revenue, and operating performance. Even as the share price dipped nearly 2% post-results, the quarter delivered notable growth across revenue, EBITDA, and net profit.

With ₹11,905 crore in revenue, ₹906 crore in net profit, and 12.7% EBITDA margin, the company marked one of its strongest quarters, driven by broad-based sales momentum.