TVS Motor Company Q3 FY26 results (Oct–Dec 2025) and concall

Automobile and Auto Components · Concall AI · Call held 28 Jan 2026

Company page: TVS Motor Company share price, financials & guidance record

TVS Motor delivered a blockbuster Q3 FY26 with record-breaking performance across all metrics. The company significantly outperformed the industry in both domestic and international markets. GST reduction, strong festive demand, and premiumization drove exceptional growth. EBITDA margin expanded 120bps YoY to 13.1%. Management remains highly confident about Q4 outlook and long-term 8-9% industry CAGR.

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What they filed

Q3 FY26: revenue up 33.7%, net profit up 46.3% against the same quarter last year.

₹ Cr · quarterly

Line item	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26
Revenue	11,035	11,542	12,210	14,051	14,756 +34%
Expenses	9,402	9,638	10,407	11,941	12,488
EBITDA	1,633	1,904	1,803	2,110	2,267 +39%
Margin	15%	16%	15%	15%	15%
Other income	70	-57	40	-14	-60
Interest	536	551	551	552	561
Depreciation	258	292	315	320	323
Profit before tax	908	1,004	977	1,223	1,323 +46%
Tax rate	33%	31%	34%	32%	33%
Net profit	609	698	643	833	891 +46%
EPS	11.91	13.64	12.84	16.74	17.71

How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.

What they filed

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