TVS Motor Q2 Results: TVS Motor's results are strong! Profit rises 37% to ₹906 crore, but stock prices fall.:

News Topical, Digital Desk : TVS Motor Company reported impressive results for the September quarter (Q2 FY26). The company's standalone profit increased from ₹663 crore to ₹906 crore (YoY), a growth of approximately 37%. Revenue also remained strong, reaching ₹11,905 crore. However, the company's EBITDA and margins were slightly weaker than expected. The market will now monitor the company's margin recovery and festive season demand.

The company's stock opened at ₹3,650, down from a closing price of ₹3,639.90. The stock fell 2.5% to below ₹3,550 at 3 p.m. after the results.

	July September 2025	July-September 2024	shift
Revenue	₹11,905 crore	₹9,228 crore	+29% increase
EBITDA	₹1,508 crore	₹1,080 crore	+40% increase
EBITDA margin	12.7%	11.7%	increased by 1%
Net Profit ( PAT)	₹906 crore	₹663 crore	increased by 37%

Estimates vs Actual

	Guess	Real	Situation
Revenue	₹11,812 crore	₹11,905 crore	better
EBITDA	₹1,535 crore	₹1,508 crore	a little less
EBITDA margin	13%	12.7%	below estimates
PAT (Net Profit)	₹980 crore	₹906 crore	weaker than expected

Highlights of the results: Both the two-wheeler and three-wheeler segments contributed to the company's sales. Margins were slightly below expectations due to rising input costs and discounting. Strong volume growth and improved product mix led to a 37% year-on-year increase in profit. EBITDA increased by over ₹400 crore compared to the previous year.

Analysts believe that Q2 results are strong, although the 30 bps decline in margins indicates that cost pressures have not yet fully abated. Festive demand and the expansion of the electric vehicle portfolio will maintain the company's volume growth.

What is the future outlook? Improved revenue is expected in Q3 due to festive season sales. Deliveries in the EV segment (iQube) are expected to increase. The company aims to achieve 13%+ margin levels in the next 2–3 quarters.