TVS Motor Company reported a 44 per cent year-on-year increase in revenue to Rs 17,103 crore in the second quarter of the financial year 2026-27, compared with Rs 11,905 crore in the corresponding quarter last year.

The company's revenue exceeded Zee Business' estimate of Rs 16,411 crore. Zee Business had projected revenue growth of 37.8 per cent over the year-ago period.

The company reported its highest-ever quarterly sales during the September quarter, supported by growth in two-wheelers, three-wheelers and international business.

TVS Motor Company's earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 47 per cent year-on-year to Rs 2,219 crore in the September quarter, compared with Rs 1,507 crore in the corresponding period last year.

The operating profit exceeded Zee Business' estimate of Rs 2,096 crore. The brokerage had estimated EBITDA growth of 39 per cent year-on-year.

The company's EBITDA margin improved to 13 per cent in the quarter from 12.7 per cent a year earlier, an expansion of 30 basis points. The margin also exceeded Zee Business' estimate of 12.8 per cent.

The company's profit after tax (PAT) rose 52 per cent year-on-year to Rs 1,377 crore in the second quarter of FY27, compared with Rs 904 crore in the year-ago period.

The reported profit was higher than Zee Business' estimate of Rs 1,318 crore. The brokerage had projected a 45.5 per cent year-on-year increase in PAT.

For the first half of FY27, TVS Motor Company's profit before tax (PBT) increased 52 per cent to Rs 3,454 crore from Rs 2,274 crore in the corresponding period last year.

TVS Motor Company recorded its highest-ever quarterly sales during the September quarter, with combined two-wheeler and three-wheeler volumes increasing 27 per cent year-on-year to 1.9 million units from 1.5 million units.

Motorcycle sales grew 28 per cent to 0.9 million units from 0.7 million units, while scooter sales increased 29 per cent to 0.8 million units from 0.6 million units.

ales of two-wheeler electric vehicles rose 133 per cent to 186,186 units in the September quarter, compared with 80,009 units in the corresponding period last year.

Three-wheeler sales increased 47 per cent to 78,475 units from 53,449 units a year earlier. The company's international business reported a 35 per cent increase in sales to 0.5 million units in the second quarter of FY27, compared with 0.4 million units in the year-ago period.

For the half-year ended September 2026, two-wheeler sales rose 27 per cent to 3.4 million units from 2.7 million units. Three-wheeler sales increased 47 per cent to 145,172 units from 98,427 units.

Combined international sales of two-wheelers and three-wheelers grew 34 per cent to 1 million units during the first half, compared with 0.8 million units in the corresponding period last year.

Separately, TVS Motor Company's board approved a composite scheme of arrangement involving the merger of TVS Motor Services Ltd with the company and the demerger of a business undertaking into its wholly owned subsidiary, Harita ARC Ltd.

Under the scheme, Harita ARC will issue shares to TVS Motor Company shareholders in proportion to their existing shareholding. The proposal is subject to statutory and regulatory approvals, including those from stock exchanges, the Securities and Exchange Board of India, the National Company Law Tribunal, and shareholders and creditors, as applicable.

The board also approved the acquisition of the entire stake in STPL Trading and Services Pvt Ltd for Rs 530.08 crore. Following completion of the transaction, STPL will become a wholly owned subsidiary of TVS Motor Company.

For the half-year ended September 2026, the company's revenue increased 41 per cent to Rs 30,999 crore from Rs 21,986 crore in the corresponding period last year.