TVS Holdings quarterly results and financials

TVS Holdings (TVSHLTD)₹12,872−1.96%(9 Nov 2026 close)Investment Company

Key facts

In the Sep 2026 quarter (consolidated), TVS Holdings reported sales of ₹20,171 Cr, up 38.6% from Sep 2025, and net profit of ₹1,283 Cr, up 46.1% year on year. For the year to Mar 2026, sales were ₹58,175 Cr and net profit ₹3,380 Cr.

Sales (Sep 2026): ₹20,171 Cr
Net profit (Sep 2026): ₹1,283 Cr
Sales (FY Mar 2026): ₹58,175 Cr
Net profit (FY Mar 2026): ₹3,380 Cr
EPS (Sep 2026): ₹314.71
Borrowings (Mar 2026): ₹36,112 Cr

Company filings, consolidated accounts; latest reported quarter Sep 2026

TVS Holdings quarterly results

₹ crore unless stated; each column is a quarter.

TVS Holdings Quarterly results
	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	10,006	10,020	10,383	11,547	11,350	11,798	12,736	14,551	15,276	15,594	17,071	20,171
Expenses	8,480	8,509	8,920	9,882	9,548	9,909	10,755	12,306	12,819	13,195	14,311	17,147
Operating Profit	1,535	1,511	1,471	1,671	1,809	1,887	1,997	2,253	2,452	2,390	2,766	3,043
OPM %	15.1%	15.1%	14.1%	15.1%	16.1%	16.1%	16.1%	16.1%	16.1%	15.1%	16.0%	15.1%
Other Income	6.98	18.97	14.97	7.98	21.95	17.95	10.96	12.97	−34.89	29.94	6.98	73.77
Interest	517	533	518	523	552	636	664	652	652	654	709	764
Depreciation	245	265	243	262	261	310	333	343	363	373	383	375
Profit before tax	788	741	732	902	1,027	968	1,020	1,283	1,416	1,406	1,695	1,993
Tax %	31.9%	37.0%	33.9%	33.9%	32.9%	33.0%	34.0%	31.0%	31.0%	38.0%	31.0%	34.9%
Exceptional items	0.00	10.01	7.99	0.00	3.99	10.99	0.00	0.00	−34.01	0.00	0.00	0.00
Net Profit	530	463	480	598	683	643	673	878	966	862	1,171	1,283
EPS (Rs)	111.21	115.22	107.52	138.03	191.32	140.21	166.44	219.46	244.61	210.44	302.38	314.71

TVS Holdings profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

TVS Holdings Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	12,468	13,498	17,507	21,526	19,882	20,324	25,575	33,659	39,863	44,984	58,175	68,112
Expenses	11,512	12,508	15,980	19,220	17,468	17,923	22,605	29,367	34,127	38,154	49,056	57,473
Operating Profit	957	1,001	1,534	2,337	2,438	2,431	2,998	4,290	5,738	6,824	9,088	10,651
OPM %	8.0%	7.1%	9.0%	11.1%	12.1%	12.1%	12.1%	13.1%	14.1%	15.1%	16.1%	15.6%
Other Income	102	170	121	27.91	−39.90	−10.98	7.98	118	58.89	69.82	19.96	75.80
Interest	102	88.15	373	720	911	930	986	1,427	2,035	2,227	2,620	2,779
Depreciation	318	379	449	536	651	645	848	990	1,015	1,071	1,410	1,493
Profit before tax	641	710	842	1,118	846	855	1,184	2,013	2,780	3,629	5,126	6,509
Tax %	25.9%	23.0%	24.9%	32.9%	25.9%	31.0%	30.0%	34.0%	36.0%	34.0%	34.0%	—
Exceptional items	40.99	0.00	−18.01	−1.99	−39.96	−16.98	−8.99	57.01	40.01	56.99	−22.99	−34.01
Net Profit	471	546	627	748	625	590	821	1,331	1,779	2,404	3,380	4,283
EPS (Rs)	144.71	163.73	167.60	214.37	167.09	160.57	218.65	322.19	397.10	576.83	841.35	1,072.14
Dividend payout %	28.0%	18.9%	9.0%	16.9%	18.9%	15.9%	19.9%	17.9%	23.9%	15.9%	10.0%	—

TVS Holdings balance sheet

₹ crore, at each year end.

TVS Holdings Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	9.98	9.99	9.99	9.99	9.99	9.98	9.98	9.99	9.99	9.98	9.99	9.97
Reserves	1,282	1,518	1,863	2,146	2,469	2,456	2,898	5,083	3,236	2,836	4,687	6,466
Borrowings	1,496	1,460	1,665	7,582	10,015	12,297	12,844	16,577	24,979	26,208	32,451	36,112
Other Liabilities	2,728	3,218	3,767	4,992	5,647	5,807	7,515	8,627	10,817	15,384	16,679	20,930
Total Liabilities	5,516	6,205	7,306	14,731	18,140	20,570	23,267	30,297	39,042	44,437	53,827	63,518
Fixed Assets	2,035	2,461	2,844	3,615	4,018	4,448	4,835	6,323	6,909	5,611	7,502	8,916
CWIP	102	69.09	101	397	758	1,019	1,052	561	822	1,031	1,485	2,078
Investments	601	1,055	1,333	607	618	472	673	644	1,021	1,204	1,320	1,217
Other Assets	2,777	2,620	3,028	10,112	12,747	14,631	16,706	22,768	30,289	36,592	43,519	51,307
Inventories	1,214	1,116	1,394	1,414	1,619	1,455	1,663	2,007	2,327	4,022	2,409	2,453
Trade receivables	575	644	842	1,307	1,719	1,584	1,202	1,362	1,460	1,848	1,744	2,677
Cash & equivalents	30.09	57.17	53.16	175	211	1,163	1,709	3,943	3,938	3,178	5,143	5,419
Total Assets	5,516	6,205	7,306	14,731	18,140	20,570	23,267	30,297	39,042	44,437	53,827	63,518

TVS Holdings cash flow

₹ crore, for each year.

TVS Holdings Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	138	1,077	840	325	−711	459	1,218	−1,553	−4,121	−869	3,541	1,140
Cash from investing activity	−461	−715	−818	−1,379	−1,324	−1,056	−980	−1,706	−1,438	961	−2,858	−3,016
Cash from financing activity	179	−373	−60.98	1,196	2,084	1,793	261	3,110	5,969	846	1,207	1,791
Net cash flow	−143	−12.97	−39.87	143	50.82	1,194	494	−136	428	938	1,880	−85.79
Capex	503	687	772	1,323	1,311	1,041	981	1,036	1,486	1,120	2,484	3,298
Free cash flow	−288	431	80.14	−955	−2,012	−552	239	−2,571	−5,584	−1,343	1,083	−2,068
CFO / OP %	39.9%	129.9%	97.9%	42.9%	−16.1%	28.9%	59.9%	−38.1%	−79.1%	5.0%	69.9%	31.9%

TVS Holdings ratios

Working-capital days and returns, by year.

TVS Holdings Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	18	18	22	26	28	28	21	18	15	16	13	16
Inventory days	57	47	54	43	40	41	45	43	38	59	32	25
Days payable	77	76	83	94	84	97	124	107	92	99	103	104
Cash conversion cycle	0	−8	−5	−22	−14	−25	−57	−43	−37	−22	−57	−61
Working capital days	−7	−17	−22	−36	−1	93	71	81	−25	−32	−38	−34
ROCE %	18.0%	20.0%	19.0%	16.0%	15.0%	12.0%	11.0%	11.0%	12.0%	15.0%	15.0%	17.0%

TVS Holdings: frequently asked questions

What are the latest quarterly results of TVS Holdings?

For the Sep 2026 quarter, TVS Holdings reported sales of ₹20,171 Cr, up 38.6% year on year and net profit of ₹1,283 Cr, up 46.1% year on year. The operating margin was 15.1%.

What is the annual revenue of TVS Holdings?

TVS Holdings' sales for the year to Mar 2026 were ₹58,175 Cr; over the last twelve months they were ₹68,112 Cr.

What is the net profit of TVS Holdings?

Net profit for the year to Mar 2026 was ₹3,380 Cr, and ₹4,283 Cr over the last twelve months. Earnings per share over the same trailing period were ₹1,072.14.

How much debt does TVS Holdings have?

TVS Holdings reported borrowings of ₹36,112 Cr at Mar 2026, against cash and equivalents of ₹5,419 Cr.

What is the free cash flow of TVS Holdings?

Cash from operations was ₹1,140 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹2,068 Cr.

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