TVS Motor Board Approves FY26 Audited Results; Appoints Ravindran Shanmugam as Independent Director
TVS Motor Company's Board approved audited FY26 results. Standalone revenue was ₹47,270.32 crore, with net profit of ₹3,615.22 crore. Consolidated net profit attributable to owners was ₹3,018.33 crore. Mr. Ravindran Shanmugam was appointed as Additional Non-Executive Independent Director for five years.
The approval of annual results and appointment of a director are significant events for the company's governance and financial reporting, impacting investor confidence.
The company reported positive financial results with an unmodified audit opinion and appointed a new independent director, indicating stable governance and performance.
TVS Motor Company Limited announced the outcome of its Board Meeting held on May 13, 2026. The Board has approved the audited standalone and consolidated financial results for the financial year ended March 31, 2026. The auditors, M/s. Sundaram & Srinivasan, Chartered Accountants, have issued an unmodified opinion on the financial statements.
Additionally, the Board approved the appointment of Mr. Ravindran Shanmugam as an Additional Director and Non-Executive Independent Director for a period of five years, effective May 13, 2026, subject to shareholder approval via postal ballot. Mr. Shanmugam is not related to any existing Director of the company.
The financial results indicate a revenue from operations of ₹47,270.32 crore for the standalone entity and ₹56,069.52 crore for the consolidated entity for the fiscal year ended March 31, 2026. The standalone net profit after tax was ₹3,615.22 crore, while the consolidated net profit attributable to owners was ₹3,018.33 crore.
The Board meeting commenced at 10:45 AM IST and concluded at 1:05 PM IST.
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