TVS Motor Company Q2 earnings: Net profit rises 37% to ₹906 crore, EBITDA jumps 40%, margins expand 100 basis points

TVS Motor Company, the country's third largest two-wheeler maker, on Tuesday, October 28, reported net profit of ₹906 crore in the second quarter of current financial year, marking an increase of 37% from ₹663 crore in the same period last year.

Its revenue from operations jumped 29% to ₹11,905 crore in July-September period from ₹9,228 crore in the year-ago period.

TVS Motor reported strong operational performance as its operating profit also known as EBITDA (earnings before interest, taxes, depreciation and amortization) rose 40% to ₹1,508 crore from ₹1,080 crore. Its EBITDA margin expanded by 100 basis points to 12.7% from 11.7%.

The overall two-wheeler and three-wheeler sales including international business grew by 23% registering highest ever quarterly sales of 15.07 lakh units in the quarter ended September 2025 as against 12.28 lakh units in the quarter ended September 2024, the company said in a press release.

Its motorcycle sales grew by 20% to 6.73 lakh units in the second quarter as against 5.61 Lakh units in the same quarter last year. Scooter sales for the quarter ended September 2025 grew by 30% 6.39 lakh units.

In international markets two-wheeler sales advanced by 31% to 3.63 lakh units in July-September period as against 2.78 lakh units in the year-ago period.

During the quarter under review, the Ccompany’s EV sales grew by 7% achieving highest ever quarterly sales of 0.80 lakh units in the quarter ended September 2025 as against 0.75 lakh units during quarter ended September 2024. Magnet availability continues to pose challenges in the short to medium term.

The total two-wheeler sales of TVS for the half-year ended September 2025 grew by 20% registering 26.86 lakh units as against 22.47 lakh units recorded in the half-year ended September 2024.

TVS Motor shares ended 2.58% lower at ₹3,545 after its earnings announcement.