TVS Motor Company quarterly results and financials

TVS Motor Company (TVSMOTOR)₹4,506+0.59%(9 Nov 2026 close)2/3 Wheelers

Key facts

In the Sep 2026 quarter (consolidated), TVS Motor Company reported sales of ₹19,495 Cr, up 38.7% from Sep 2025, and net profit of ₹1,216 Cr, up 46.4% year on year. For the year to Mar 2026, sales were ₹56,113 Cr and net profit ₹3,179 Cr.

Sales (Sep 2026): ₹19,495 Cr
Net profit (Sep 2026): ₹1,216 Cr
Sales (FY Mar 2026): ₹56,113 Cr
Net profit (FY Mar 2026): ₹3,179 Cr
EPS (Sep 2026): ₹25.19
Borrowings (Mar 2026): ₹32,700 Cr

Company filings, consolidated accounts; latest reported quarter Sep 2026

TVS Motor Company quarterly results

₹ crore unless stated; each column is a quarter.

TVS Motor Company 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	10,131	9,951	10,324	11,321	11,044	11,554	12,226	14,055	14,762	15,064	16,314	19,495
Expenses	8,667	8,520	8,912	9,705	9,426	9,669	10,433	11,980	12,538	12,920	13,996	16,809
Operating Profit	1,470	1,451	1,425	1,619	1,628	1,896	1,797	2,102	2,260	2,166	2,335	2,710
OPM %	15.0%	14.9%	14.0%	13.9%	15.0%	16.0%	15.0%	14.9%	15.0%	13.9%	13.9%	14.0%
Other Income	11.97	−33.92	47.91	31.94	69.86	−56.90	39.94	−13.96	−59.86	6.99	158	97.77
Interest	495	512	501	510	537	552	553	554	562	567	603	672
Depreciation	243	264	242	260	259	293	316	321	324	316	355	360
Profit before tax	752	648	740	891	910	1,007	979	1,226	1,327	1,301	1,548	1,795
Tax %	32.1%	36.0%	34.0%	34.1%	33.0%	31.0%	34.0%	32.0%	33.0%	37.0%	32.0%	32.0%
Exceptional items	0.00	9.99	7.99	0.00	3.99	10.99	0.00	0.00	−32.95	0.00	0.00	0.00
Net Profit	509	411	484	586	608	696	641	831	888	818	1,054	1,216
EPS (Rs)	10.11	8.17	9.72	11.84	11.94	13.68	12.87	16.78	17.76	16.29	21.51	25.19

TVS Motor Company profit and loss

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

TVS Motor Company 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	11,389	12,470	16,362	20,187	18,864	19,429	24,360	32,002	38,816	44,135	56,113	65,635
Expenses	10,597	11,620	14,814	18,063	16,632	17,235	21,673	28,021	33,475	37,622	47,861	56,263
Operating Profit	817	868	1,565	2,157	2,257	2,224	2,747	4,016	5,421	6,561	8,329	9,471
OPM %	7.0%	7.0%	9.9%	11.0%	11.9%	11.0%	10.9%	13.0%	13.9%	15.0%	14.9%	14.4%
Other Income	92.78	163	70.88	24.94	11.97	35.93	−4.99	136	131	85.85	−27.96	203
Interest	70.20	60.15	339	665	858	883	943	1,372	1,922	2,098	2,235	2,405
Depreciation	263	318	376	444	558	567	746	863	960	1,050	1,278	1,355
Profit before tax	581	660	934	1,085	867	823	1,070	1,942	2,699	3,544	4,832	5,970
Tax %	26.1%	23.0%	29.0%	33.0%	25.0%	26.0%	31.0%	32.0%	34.0%	33.0%	34.0%	—
Exceptional items	36.95	−1.99	−18.99	−0.99	−24.97	−7.99	−24.99	29.98	57.96	123	−19.99	−32.95
Net Profit	428	508	663	723	645	606	729	1,306	1,773	2,373	3,179	3,977
EPS (Rs)	9.05	10.79	13.76	14.88	13.18	12.54	15.97	28.04	35.58	47.18	63.74	80.75
Dividend payout %	28.0%	23.0%	24.0%	24.0%	27.0%	28.0%	24.0%	18.0%	23.0%	21.0%	19.0%	—

TVS Motor Company balance sheet

₹ crore, at each year end.

TVS Motor Company 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	48.04	48.11	48.11	48.10	48.08	48.06	48.05	48.07	48.11	48.05	48.12	48.06
Reserves	1,279	1,775	2,173	2,633	3,130	3,237	3,786	4,356	5,467	6,750	8,476	9,523
Borrowings	1,115	1,088	1,306	6,907	9,267	11,561	12,135	15,774	22,311	25,934	28,519	32,700
Other Liabilities	2,130	2,238	2,604	3,590	4,244	4,416	5,873	6,716	7,178	9,264	10,590	13,815
Total Liabilities	4,572	5,149	6,130	13,176	16,688	19,262	21,842	26,895	35,005	41,995	47,631	56,086
Fixed Assets	1,640	2,041	2,364	3,100	3,374	3,819	4,226	5,982	5,758	5,897	7,655	8,643
CWIP	92.61	46.85	63.76	312	742	1,002	1,038	550	740	1,029	1,460	2,063
Investments	540	946	1,158	422	442	373	469	607	970	1,127	1,252	1,152
Other Assets	2,299	2,115	2,544	9,342	12,132	14,069	16,109	19,757	27,537	33,941	37,263	44,228
Inventories	1,013	880	1,157	1,051	1,287	1,185	1,363	1,635	1,916	2,239	2,409	2,450
Trade receivables	414	490	701	1,070	1,544	1,452	1,028	1,175	1,254	1,837	1,715	2,651
Cash & equivalents	27.92	53.82	50.85	172	205	1,105	1,652	1,530	1,874	2,419	4,371	4,482
Total Assets	4,572	5,149	6,130	13,176	16,688	19,262	21,842	26,895	35,005	41,995	47,631	56,086

TVS Motor Company cash flow

₹ crore, for each year.

TVS Motor Company 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	82.89	935	688	354	−917	373	1,150	−1,573	−4,402	−1,251	3,497	1,864
Cash from investing activity	−413	−603	−707	−1,092	−1,100	−1,086	−879	−1,467	−1,303	−1,475	−2,891	−2,954
Cash from financing activity	261	−320	−59.12	898	2,213	1,621	264	2,921	6,123	3,243	1,157	910
Net cash flow	−71.08	12.03	−79.13	156	188	904	533	−128	407	506	1,763	−189
Capex	376	591	589	857	814	1,020	926	968	1,339	1,143	2,473	3,230
Free cash flow	−261	424	64.98	−727	−2,047	−617	227	−2,532	−5,722	−2,364	1,045	−1,279
CFO / OP %	40.0%	134.0%	95.0%	43.0%	−28.0%	27.0%	63.0%	−44.0%	−94.0%	−5.0%	71.0%	42.0%

TVS Motor Company ratios

Working-capital days and returns, by year.

TVS Motor Company 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	14	15	20	23	27	27	18	17	13	16	13	16
Inventory days	51	40	47	34	34	35	39	37	34	34	33	26
Days payable	77	75	81	87	84	95	122	106	90	101	104	104
Cash conversion cycle	−12	−19	−13	−29	−22	−32	−64	−51	−42	−50	−57	−61
Working capital days	−11	−20	−24	−37	−1	−27	−38	−40	−49	−20	−17	−37
ROCE %	20.9%	21.9%	21.9%	18.9%	15.9%	12.9%	10.9%	11.0%	13.0%	14.9%	14.9%	16.9%

TVS Motor Company: frequently asked questions

What are the latest quarterly results of TVS Motor Company?

For the Sep 2026 quarter, TVS Motor Company reported sales of ₹19,495 Cr, up 38.7% year on year and net profit of ₹1,216 Cr, up 46.4% year on year. The operating margin was 14.0%.

What is the annual revenue of TVS Motor Company?

TVS Motor Company's sales for the year to Mar 2026 were ₹56,113 Cr; over the last twelve months they were ₹65,635 Cr.

What is the net profit of TVS Motor Company?

Net profit for the year to Mar 2026 was ₹3,179 Cr, and ₹3,977 Cr over the last twelve months. Earnings per share over the same trailing period were ₹80.75.

How much debt does TVS Motor Company have?

TVS Motor Company reported borrowings of ₹32,700 Cr at Mar 2026, against cash and equivalents of ₹4,482 Cr.

What is the free cash flow of TVS Motor Company?

Cash from operations was ₹1,864 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹1,279 Cr.

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