TVS Motor Q1 Profit Jumps 51% as EV Sales, Exports Drive Growth
TVS Motor reported a 51% rise in Q1 FY27 profit as strong EV sales, exports and domestic demand drove revenue and profitability.
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TVS Motor Company posted a strong first quarter performance for FY27, with consolidated profit after tax (PAT) up 51% YoY driven by healthy domestic demand, strong exports and robust electric vehicle (EV) sales.
The two and three-wheeler maker posted revenue from operations of ₹13,896 crore for April-June quarter, up 38% from ₹10,081 crore in the same period last year.
Profit after tax went up to ₹1,174 crore from ₹776 crore in the year-ago period. EBITDA grew 41% to ₹1,779 crore. The company's EBITDA margin increased by 30 basis points to 12.8% from 12.5% in the year-ago quarter.
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EV Sales Surge:
Vehicle sales across segments remained strong in the quarter. Overall sales of two and three-wheelers grew 28% YoY to 1.63 million units in Q1 FY26 against 1.28 million units.
Demand in the domestic market remained strong with motorcycle sales up 19% to 740,000 units and scooter sales up 36% to 680,000 units.
TVS Motor also performed well in international markets with exports increasing 33% YoY to 470,000 units from 350,000 units in the corresponding quarter last year.
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Its electric-mobility business continues to be one of its fastest-growing segments. Sales of electric two-wheelers surged by 86% to 129,940 units in the quarter from 70,060 units a year ago. TVS Motor also crossed the one million EV customers mark, highlighting the growing adoption of its electric vehicle portfolio.
Three-wheeler sales also posted healthy growth, rising 48% year-on-year to 66,697 units, compared with 44,978 units in the first quarter of FY26.
Despite rising commodity prices during the quarter, the company said it improved profitability through selective price increases, cost optimisation initiatives and operating leverage.
"Commodity prices witnessed a sharp upward trend during the quarter due to global market uncertainties, resulting in increased input costs. The company partially mitigated the cost increases through price adjustments and focused cost optimisation initiatives, including scale benefits," TVS Motor said.
