TVS Srichakra share price jumps16% on robust Q1 earnings performance; profit jumps 165%

Shares of TVS Srichakra surged over 14% on Friday after the company announced robust earnings for the quarter ended June 2026. The shares made an intraday high of ₹4,628 apiece, surging nearly 16% from the previous day’s close.

The company operates under the brand of Eurogrip and holds a strong presence in the automobile industry. The company’s revenue for the quarter jumped 30.2% YoY to ₹1,067 crore as compared to ₹819 crore in the same period last year.

Similarly, the company’s operating performance also improved substantially during the quarter. The Earnings Before Interest, Taxes, Depreciation & Amortisation (EBITDA) surged almost 70% YoY to ₹81 crore for the quarter ended June 2026, as compared to ₹48 crore in the same period last year. Similarly, the EBITDA margin also expanded from 5.81% to 7.55% for Q1FY27.

Lastly, the net profit for the quarter jumped 165% YoY to ₹34 crore as compared to ₹12.8 crore in the same period last year. On a sequential basis, the net profit declined slightly from ₹36 crore in the quarter ending March 2026.

On a sequential basis, the company’s EBITDA plunged 6.6% QoQ from ₹86 crore as elevated raw material costs dented margins. However, on an annual basis, the company’s operating performance remained resilient with strong sales.

TVS Srichakra Ltd is one of India's leading two- and three -wheeler tyre manufacturers. The company is recognised as a large manufacturer of industrial pneumatic tyres, flotation, motor grader, farm & implement tyres, skid steer tyres, multipurpose tyres and vintage tyres.

The company enjoys a significant market share amongst two-Wheeler manufacturers in India and has a vast nationwide distribution and dealership network to cater to the After-Market demand. TVS Srichakra Limited exports to over 70 countries across the world.

Shares of TVS Srichakra turned positive for 2026 on a YTD basis, up 3% from January. Meanwhile, the shares have delivered over 57% returns in the past twelve months.