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)
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One basis point is one-hundredth of a percentage point.
Tushar Deep Singh is a business journalist and digital editorial leader with 12 years of experience in financial journalism. Currently Assistant Editor at Hindustan Times, he is building the HT Business vertical and managing the newsletters for both Livemint and HT. When not in the newsroom, he can be found on a motorcycle. Throughout his career, Tushar has been instrumental in scaling digital publishing operations at some of India’s largest financial news websites. His six-year tenure at Mint—the first job—saw him plunge into online media to deliver record-breaking digital engagement for Livemint.com, including 7.2 million page views on 2017 UP Election Results day. He held fort at Livemint during a senior-level leadership transition later that year. That won him the HT Media Star Award (Bronze) in 2017 and a Certificate of Appreciation for Editorial Excellence in 2018. As the head of the digital desk at ETtech, he curated two daily, full-stack newsletters from an editorial as well as product perspective. At NDTV Profit, he transitioned from website editor to principal correspondent, reporting on the auto sector for the TV channel and website, thereby adding yet another layer to his editorial expertise. He is a post-graduate in journalism from Xavier Institute of Communications, Mumbai, and a graduate from St. Xavier's College, Ahmedabad.
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Home/Business/TVS Q2 Results: Revenue, net profit grow by a third even before GST windfall
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