TVS Posts Record Revenue and Highest-Ever Profit in Q1 FY27

TVS Motor Company has reported strong financial performance for the first quarter of the 2026-27 financial year, posting its highest-ever quarterly revenue and profit after tax. The company recorded a 38% year-on-year jump in overall revenue, reaching ₹13,896 crore compared to ₹10,081 crore in the corresponding period of the previous fiscal year.

TVS achieved its highest-ever quarterly EBITDA of ₹1,779 crore, registering a 41% growth over the ₹1,260 crore recorded in the first quarter of FY 2025-26. Operating EBITDA margins expanded by 30 basis points to reach 12.8%, up from 12.5% in the year-ago period. Net profit after tax witnessed a substantial 51% surge, standing at ₹1,174 crore against ₹776 crore in the first quarter of the previous financial year.

The strong margin execution was achieved despite sharp upward pressure on commodity prices caused by global market volatility. TVS Motor mitigated higher input expenses through strategic price adjustments and aggressive cost-optimisation measures alongside scale benefits.

Total two- and three-wheeler volumes surged by 28% to hit a record 1.63 million units during the quarter, up from 1.28 million units in Q1 FY 2025-26. Motorcycle sales grew by 19% to 0.74 million units, while scooter sales registered a 36% jump, reaching 0.68 million units. Three-wheeler volumes rose significantly by 48% to 66,697 units, while international markets generated a 33% growth with exports reaching 0.47 million units.

Electric two-wheeler sales saw massive expansion, growing by 86% to reach 129,940 units compared to 70,060 units in the same period last year. With this quarter's performance, TVS Motor officially crossed the milestone of one million cumulative EV customers globally.

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