TVS Motor Company on Wednesday announced its financial results for the quarter ended on March 31, 2026. The 2-3 wheeler stock reported a consolidated net profit of ₹772 crore for the quarter ended March, compared with ₹648 crore in the same period last year, marking a 19% increase. The profit after tax (PAT) was attributable to the company’s owners.

The company also recorded a 30% rise in revenue, which stood at ₹15,053 crore in Q4FY26, against ₹11,542 crore in the corresponding quarter of the previous financial year.

Q4 performance and sales in Q4 FY26

For the quarter ended March 2026, TVS Motor Company reported its highest-ever quarterly revenue of ₹12,808 crore.

The company’s operating EBITDA margin for the quarter stood at 13.1%, compared with the normalised EBITDA margin of 12.5% in Q4 FY25, marking a year-on-year improvement of 60 basis points. In the corresponding quarter of FY25, the full-year Production Linked Incentive (PLI) benefit was recognised in Q4, which had resulted in revenue of ₹9,550 crore and an operating EBITDA margin of 14.0%.

Overall two-wheeler and three-wheeler sales, including International Business, rose 28% to 15.60 lakh units in the quarter ended March 2026, compared with 12.16 lakh units in the corresponding quarter of March 2025. Motorcycle sales increased 23% to 6.93 lakh units from 5.64 lakh units a year earlier, while scooter sales climbed 32% to 6.60 lakh units from 5.02 lakh units in the fourth quarter of FY25.

Electric vehicle sales registered a strong 51% growth, reaching 1.15 lakh units during the March 2026 quarter, against 0.76 lakh units in the same period last year.

Meanwhile, three-wheeler sales surged 65% to 0.60 lakh units in the quarter under review, compared with 0.37 lakh units in the fourth quarter of FY25.

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