ALFA Finder| Revenue growth | 38% YoY growth in Q1 FY27. |
|---|---|
| Margins | EBITDA margin improved 30 bps YoY to 12.8%. |
| Demand visibility | Strong domestic demand; robust retail demand for 2W and 3W. |
| Management confidence | High, expecting better momentum in Q2 vs Q1. |
Growth
Revenue grew 38% to INR 13,896 Cr; Operating EBITDA up 41% to INR 1,779 Cr; PAT up 51% to INR 1,174 Cr.
Outlook
Planned capex of INR 3,500 Cr; targeting 8.3 million 2-wheeler capacity by Q4; double-digit ICE industry growth expected.
Risks
Commodity price volatility (steel, aluminum), supply chain disruptions, and West Asia conflict impacting costs and availability.
Last quarter's promises, checked
Delivered
- Guided Q1 growth better than industry → delivered 28% vol vs 12% industry (= BEAT)
- Guided 50k EV units/month soon → delivered 86% growth/high penetration (= BEAT)
- Guided sustained EBITDA margin improvement → delivered 12.8% vs 12.3% LY (= BEAT)
Partly delivered
- Guided FY27 capex ~INR 3,500 Cr → delivered on track with Norton/Capacity spend (= PARTIAL)
Earnings Call Transcript filed with NSE, NSE: TVSMOTOR. Summary written with AI assistance from the document.
TVS Motor Company Ltd: key numbers
- Share price
- ₹4,560.00
- Market cap
- ₹2,16,640 Cr
- Revenue (annual)
- ₹56,070 Cr
- Net profit (annual)
- ₹3,018 Cr
- P/E (TTM)
- 56.6×Sector 32.5×
- Promoter holding
- 50.27%+0.00% QoQ
- FII holding
- 21.39%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from TVS Motor Company Ltd
All →TVS Motor Company Debt & Borrowing: ₹18.35 Cr
TVS Motor paid Rs 18.35 Crore interest on its non-convertible debentures on November 6, 2026. The annual payment covers ISIN INE494B08051 on a Rs 1,000 Crore issue.
- Value
- ₹18.35 Cr
TVS Motor Company Investor Presentation: Key Takeaways
Q2 FY27 record: revenue INR17,103 Cr (+44%), EBITDA INR2,219 Cr (+47%), PAT INR1,377 Cr (+52%). Board approved demerger of consumer finance undertaking.
TVS Motor Company Business Update
TVS Motor's October 2026 sales rose 29% to 700,134 units from 543,557 a year earlier. Two-wheeler EV sales grew 120% to 71,382 units.
TVS Motor Company Product Launch
TVS Motor launched the Ronin Agonda modern-retro motorcycle in Indonesia, priced at IDR 37,080,000 on-the-road. The launch adds a new variant to its existing Ronin range, with no capacity or financial impact disclosed.
TVS Motor Company Acquisition Worth ₹25,000 Cr
TVS Motor will acquire 100% of Harita ARC Limited, a related-party shell, for a stated Rs 25,000 Crore. It supports the proposed consumer finance demerger.
- Value
- ₹25,000 Cr
TVS Motor Company Other Announcement
TVS Motor filed its Q3 FY27 security cover certificate confirming no asset cover is required against ₹1,522.92 Crore of unsecured NCDs. This is routine Reg 54 compliance.