TVS Motor Company
Financial Performance
TVS Motor Revenue & Financials
Revenue
~$6.5B (FY2026)
Market Cap
$20.8B
Net Income
~$350.1M
Employees
5,500
What is TVS Motor's revenue?
TVS Motor had ~$6.5B in revenue for fiscal year 2026, up 26.9% from 2025. Net income was ~$350.1M.
- Latest revenue
- ~$6.5B (FY2026)
- Year-over-year
- +26.9%
- Growth rate (CAGR)
- 23.1% over 4 years
- Peak revenue
- ~$6.5B (FY2026)
- Years of data
- 5
- Employees
- 5,500
- How much profit does TVS Motor make?
- TVS Motor reported net income of ~$350.1M for fiscal year 2026. stockanalysis.com
- How many employees does TVS Motor have?
- TVS Motor has about 5,500 employees.
Financial Analysis
In FY2026 TVS Motor posted consolidated revenue of ~$6.5 billion (₹56,028 crore) (up from ~$5.12 billion (₹44,134 crore)) and profit attributable to owners of ~$350 million (₹3,018 crore), up 35%. Standalone revenue rose 30% to ~$5.48 billion (₹47,270 crore), operating EBITDA grew 37% to ~$705 million (₹6,079 crore) (12.9% margin) and operating PBT rose 40% to ~$577 million (₹4,975 crore). Momentum continued in Q1 FY2027 (April-June 2026): consolidated revenue rose 33.5% to ~$1.89 billion (₹16,296 crore) and consolidated net profit jumped 67% to ~$118 million (₹1,019 crore), with standalone EBITDA margin at 12.8%.
Revenue Trend Analysis
YoY Change
+26.9%
4-Year CAGR
+23.1%
Peak Year
2026
Trend
Consistent Growth
TVS Motor Company has 5 full fiscal year figures on this page, compounding at +23.1% annually over 4 years. The most recent year saw a 26.9% increase versus the prior year. Annual revenue peaked in fiscal year 2026 at ~$6.5B. Of 4 comparable year-over-year steps, 4 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2026 | ~$6.5B | ~$350.1M | +26.9% | TVS Motor Company (NSE:TVSMOTOR) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2026-03-31. |
| FY2025 | ~$5.1B | ~$259.3M | +13.6% | TVS Motor Company (NSE:TVSMOTOR) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2025-03-31. |
| FY2024 | ~$4.5B | ~$195.6M | +21.1% | TVS Motor Company (NSE:TVSMOTOR) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2024-03-31. |
| FY2023 | ~$3.7B | ~$154.1M | +31.7% | TVS Motor Company (NSE:TVSMOTOR) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2023-03-31. |
| FY2022 | ~$2.8B | ~$87.8M | — | TVS Motor Company (NSE:TVSMOTOR) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2022-03-31. |
Click any row to see year details.
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TVS Motor Revenue and Financial FAQ
What were TVS Motor Company's consolidated revenues and profit for FY2026?
For the fiscal year ended March 31, 2026, TVS Motor reported consolidated revenues of approximately ₹56,028 crore (~$6.7 billion USD) and profit attributable to owners of ₹3,018 crore (~$360 million USD), up significantly year-over-year.
How many total vehicles did TVS Motor sell in FY2026?
TVS Motor achieved a historic milestone by selling a record 5.89 million two-wheelers and three-wheelers globally in FY2026, representing an impressive 24% annual volume growth.
What was TVS Motor's operating EBITDA margin in FY2026?
TVS Motor delivered an operating EBITDA margin of approximately 11.5% to 12.0%, driven by favorable product mix toward premium motorcycles (Apache, Raider), higher scooter volumes, and softening raw material costs.
What percentage of TVS Motor's revenues is derived from international exports?
International exports account for approximately 25% to 30% of total revenue, generating valuable foreign currency earnings across major developing markets in Africa, Latin America, and South Asia.
How much does TVS Motor invest annually in capital expenditures (CapEx) and EV R&D?
TVS Motor commits approximately ₹1,200 crore to ₹1,500 crore annually to CapEx and R&D, prioritizing new EV platform architectures, expanded battery packaging lines in Hosur, and Norton factory upgrades.
What is TVS Motor's dividend distribution policy on the NSE and BSE?
TVS Motor maintains a consistent shareholder dividend payout policy, paying interim and final dividends annually with a historical payout ratio between 25% and 35% of standalone net profit.
What is TVS Motor's Return on Capital Employed (ROCE) and Return on Equity (ROE)?
TVS Motor generates a standalone ROCE of over 25% and an ROE near 22–24%, reflecting exceptional asset turnover, high plant capacity utilization, and efficient working capital management.
What is the loan book size and performance of TVS Credit Services?
TVS Credit Services manages assets under management (AUM) exceeding ₹25,000 crore, maintaining a well-diversified retail loan portfolio across two-wheelers, tractors, used cars, and consumer durables.
What is TVS Motor's corporate debt and balance sheet leverage profile?
TVS Motor's standalone automotive manufacturing business operates with minimal net debt and strong investment-grade credit ratings (CRISIL AA+ / ICRA AA+), while consolidated debt primarily reflects TVS Credit financing assets.
How fast are TVS iQube electric scooter sales growing financially?
TVS iQube sales exceeded 250,000 units in FY2026, contributing meaningfully to top-line revenue and establishing TVS as one of India's top electric two-wheeler makers.
How does raw material commodity price volatility (steel, aluminum) impact TVS Motor's margins?
Fluctuations in steel, aluminum, and precious catalytic metals directly impact bill-of-materials costs; TVS manages this through value engineering, long-term supplier procurement contracts, and disciplined price pass-throughs.
What is the market capitalization of TVS Motor Company on Indian bourses?
Trading on the NSE (TVSMOTOR) and BSE, TVS Motor commands a market capitalization exceeding ₹1.1 to ₹1.3 lakh crore ($13–15 billion USD), ranking among India's most valuable auto manufacturers.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "TVS Motor Revenue & Financials." CorpDigest, https://corpdigest.com/company/tvs-motor-company/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>TVS Motor reported ~$6.5B in revenue (FY2026).</strong><br>Source: <a href="https://corpdigest.com/company/tvs-motor-company/financials" target="_blank" rel="noopener">CorpDigest — TVS Motor financials</a></div>Related Financial Audits
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