TVS Motor Q4FY26 Revenue at ₹12,808 Crore, Up 36%; FY26 Revenue at ₹47,270 Crore, Up 30%
TVS Motor's FY26 revenue grew 30% to ₹47,270 crore, with operating PBT up 40% to ₹4,975 crore. Q4 revenue reached ₹12,808 crore, a 36% increase. TVS Credit Services' PBT was ₹1,248 crore, with a book size of ₹30,631 crore. International business sales hit 15.8 lakh units, up 33%. The company launched Orbiter V1 and TVS King Kargo CNG and plans to increase capacity by 1.5 million units.
The announcement contains significant financial metrics, strategic decisions regarding capacity expansion, and new product launches, which are likely to have a high impact on the company's performance and market position.
The announcement highlights strong financial performance, growth in sales volume and revenue, and strategic initiatives, indicating a positive outlook for the company.
TVS Motor Company Limited held a conference call on May 13, 2026, to discuss the financial results for the quarter ended March 31, 2026. K.N. Radhakrishnan, Director and CEO, mentioned that TVS Motor surpassed previous highs, achieving record sales volume, revenue, and profit in FY26. Sales volume grew by 24% from 4.7 million units to 5.9 million units. Revenue increased by 30% from ₹36,251 crore to ₹47,270 crore, and operating PBT grew by 40% from ₹3,563 crore to ₹4,975 crore. The company's EBITDA grew by 37% to ₹6,079 crore, with an EBITDA margin of 12.9%.
In Q4, TVS Motor achieved its highest-ever revenue of ₹12,808 crore, a 36% increase. The company's operating EBITDA was ₹1,679 crore, and PBT was ₹1,358 crore. TVS Credit Services achieved a record PBT of ₹1,248 crore for FY26, with a book size of ₹30,631 crore. The international business recorded its highest-ever sales of 15.8 lakh units in FY26, a 33% year-on-year growth.
The company launched Orbiter V1 with a 1.8-kilowatt battery and TVS King Kargo Heavy Duty CNG. TVS Motor is also planning to launch new Norton models. For the domestic ICE business, there are some headwinds in terms of the West Asia conflict, commodity prices, and supply chain disruption. However, demand remains strong, and the company is taking initiatives to strengthen cost reduction and improve product mix. TVS Motor expects good single-digit growth in the industry and is closely monitoring the geopolitical challenges. The company is also investing in technology, R&D, innovation, and brand building.
TVS is increasing capacity by 1.5 million to around 8.3 million in the next 12 months. Investments for the next year will be around ₹500 crore to ₹600 crore lower than this year's ₹2,400 crore. Capex for the next year is likely to be around ₹3,500 crore.
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TVS Motor Company Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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