TVS Motor Company has reported its highest-ever revenue for the financial year 2025-26, reaching ₹47,270 crores, marking a 30% increase compared to ₹36,251 crores in the previous year. The company also achieved its highest sales volume, selling 5.9 million units, which represents a 24% growth from the 4.74 million units sold in 2024-25.
The company’s operating EBITDA for the year improved to 12.9%, an increase of 60 basis points over the prior year. Furthermore, TVS Motor’s operating profit before tax (PBT) saw a significant 40% rise, amounting to ₹4,975 crores compared to ₹3,563 crores in the previous fiscal year.
In March 2026, the Board of Directors declared an interim dividend of ₹12 per equity share, resulting in a total payout of ₹570 crores for the financial year ending 31st March 2026. Additionally, the company issued 4 fully paid bonus Non-Convertible Redeemable Preference Shares (NCRPS) for each equity share held, with a face value of ₹10 each, amounting to ₹1,900 crores, set to mature on 1st September 2026.
During FY 2025-26, TVS Motor’s two-wheeler and three-wheeler sales grew by 24%, reaching 58.89 lakh units compared to 47.44 lakh units in the previous year. Motorcycle sales increased by 24% to 27.13 lakh units, while scooter sales rose by 27% to 24.13 lakh units. Electric vehicle sales also saw a 33% increase, totalling 3.71 lakh units.
In the fourth quarter of 2025-26, TVS Motor achieved its highest-ever quarterly revenue of ₹12,808 crores. The operating EBITDA margin for the quarter was 13.1%, compared to a normalised EBITDA of 12.5% in Q4 2024-25, reflecting a year-on-year improvement of 60 basis points. The company also recorded a 36% growth in normalised revenue for Q4 2025-26.
Sales for Q4 2025-26, including international business, grew by 28% to 15.60 lakh units compared to 12.16 lakh units in Q4 2024-25. Motorcycle sales for the quarter increased by 23% to 6.93 lakh units, while scooter sales grew by 32% to 6.60 lakh units. Electric vehicle sales for the quarter rose by 51% to 1.15 lakh units.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).