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TVS Motor Company Limited Q1 FY27 earnings call summary

NSE: TVSMOTOR · BSE: 532343

Earnings call of 21 Jul 2026, summarised by AI from the filing.

TVS Motor Q1 FY27 revenue ₹13,896 cr (+38%), PAT ₹1,174 cr (+51%); expects double-digit industry growth in Q2 and full year.

Key takeaways

  1. Guidance Double-digit industry growth expected in Q2 and full year; EV growth similar to Q1.
  2. Capacity 2-wheeler capacity expanding from 6.8 million to 8.3 million by fourth quarter.
  3. Commodity cost Commodity cost rose about 3.5% in Q1; another 0.5% expected in Q2.

Original filing on BSE

TVS Motor Company Limited Q1 FY27 results

As filed: Revenue ₹16,296 cr (+33% year on year), EBITDA ₹2,357 cr (+30% year on year), PAT ₹1,058 cr (+64% year on year), EBITDA margin 14.5% (−39 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹15,053 cr (+30% year on year), EBITDA ₹2,187 cr (+14% year on year), PAT ₹820 cr (+17% year on year), EBITDA margin 14.5% (−211 bps). Score 42 of 100, In line with trend. Revenue growth was well above the company's own trend; EBITDA growth was well below it; profit growth was below it. EBITDA margin fell 211 bps year on year. Tax rate 36%. Profit fell 8% from last quarter. Revenue rose ₹3,511 cr on a year ago, more than the ₹1,500 cr it added the year before. Share price after the results: −7.0% in 30 days (Nifty 500: +1.3%).
  • Q3 FY26: Revenue ₹14,756 cr (+33% year on year), EBITDA ₹2,270 cr (+36% year on year), PAT ₹891 cr (+46% year on year), EBITDA margin 15.4% (+43 bps). Score 81 of 100, Above trend. Revenue growth was well above the company's own trend; EBITDA and profit growth were above it. EBITDA margin rose 43 bps year on year. Profit rose ₹282 cr on a year ago, more than the ₹99.0 cr it added the year before. Share price after the results: +11.0% in 30 days (Nifty 500: +1.5%).
  • Q2 FY26: Revenue ₹14,051 cr (+24% year on year), EBITDA ₹2,122 cr (+29% year on year), PAT ₹833 cr (+42% year on year), EBITDA margin 15.1% (+57 bps). Score 74 of 100, Above trend. Revenue growth was well above the company's own trend; EBITDA and profit growth were in line with it. EBITDA margin rose 57 bps year on year. Revenue rose ₹2,749 cr on a year ago, more than the ₹1,369 cr it added the year before. Share price after the results: −3.3% in 30 days (Nifty 500: +0.4%).
  • Q1 FY26: Revenue ₹12,210 cr (+17% year on year), EBITDA ₹1,814 cr (+24% year on year), PAT ₹643 cr (+33% year on year), EBITDA margin 14.9% (+77 bps). Score 57 of 100, In line with trend. Revenue and profit growth were in line with the company's own trend; EBITDA growth was below it. EBITDA margin rose 77 bps year on year. Profit fell 8% from last quarter. Revenue rose ₹1,803 cr on a year ago, more than the ₹1,351 cr it added the year before. Share price after the results: +17.3% in 29 days (Nifty 500: −2.5%).
  • Q4 FY25: Revenue ₹11,542 cr (+15% year on year), EBITDA ₹1,920 cr (+29% year on year), PAT ₹698 cr (+69% year on year), EBITDA margin 16.6% (+184 bps). Score 59 of 100, In line with trend. Revenue growth was below the company's own trend; EBITDA growth was in line with it; profit growth was well above it. EBITDA margin rose 184 bps year on year. Profit rose ₹286 cr on a year ago, more than the ₹76.0 cr it added the year before. Share price after the results: +2.3% in 30 days (Nifty 500: +4.3%).
  • Q3 FY25: Revenue ₹11,135 cr (+10% year on year), EBITDA ₹1,665 cr (+12% year on year), PAT ₹609 cr (+19% year on year), EBITDA margin 15.0% (+25 bps). Score 28 of 100, Below trend. Revenue and EBITDA growth were well below the company's own trend; profit growth was below it. EBITDA margin rose 25 bps year on year. Revenue rose ₹1,021 cr on a year ago, against ₹2,048 cr the year before.
  • Q2 FY25: Revenue ₹11,302 cr (+14% year on year), EBITDA ₹1,642 cr (+21% year on year), PAT ₹588 cr (+41% year on year), EBITDA margin 14.5% (+89 bps). Score 67 of 100, Above trend. EBITDA margin rose 89 bps year on year. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

TVS Motor Company Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.