TVS Q2 Results: Revenue, net profit grow by a third even before GST windfall

TVS Motor Q2 Results 2025-26: Net profit rose 37% YoY to ₹906.09 crore on the back of revenue that increased 29% to ₹11,905.43 crore.

TVS Motor Co. Ltd. grew its business by nearly a third in July-September 2025, even before the windfall that came along with GST reforms for India's two-wheeler industry.

TVS Apache RTX 300 is the first adventure tourer from the brand. (HT Auto)

Net profit of India's third largest two-wheeler maker rose 37% over the year-ago period to ₹906.09 crore in the three months ended 30 September, on the back of revenue that increased 29% to ₹11,905.43 crore, according to an exchange filing on Tuesday (28 October 2025).

TVS Q2 Results FY26 (Standalone, YoY)

• Revenue up 29% at ₹11,905.43 crore (Estimate: ₹11,730 crore)
• EBITDA up 40% at ₹1,508.60 crore (Estimate: ₹1,500 crore)
• EBITDA margin up 100 bps at 12.7% (Estimate: ₹12.8%)
• Net profit up 37% at ₹906.09 crore (Estimate: ₹905 crore)

One basis point is one-hundredth of a percentage point.

This is a developing story. More to come.