TVSMOTOR

TVS Motor Company reported strong Q4 FY26

TVS Motor Company reported strong Q4 FY26 results today (13 May 2026), posting a 17.5 % rise in consolidated net profit to ₹819 crore and a 30 % jump in revenue to ₹15,053 crore, driven by record two‑wheeler and EV sales Key Insights Highest‑ever quarterly revenue: ₹12,808 crore on a standalone basis. Operating EBITDA margin: Improved to 13.1 % vs 12.5 % (normalised) YoY. Operating PBT: ₹1,375 crore (+47 % YoY). Dividend: Interim ₹12 per share (1,200 %), absorbing ₹570 crore. Subsidiary update: NCLT Chennai approved merger of Sundaram Auto Components Ltd with TVS Motor. Disinvestment: Sold entire stake in Roppen Transportation Services for ₹288 crore, realising ₹174 crore gain. Full‑Year FY26 Performance Revenue: ₹56,069 crore (+37 % YoY). Net Profit: ₹3,186 crore (+34 % YoY). Total Sales: 58.9 lakh units (+24 % YoY). EV Customers: Over 9 lakh globally. Investor Takeaways Positive earnings momentum: Consistent double‑digit profit growth for four quarters straight. EV leadership: 51 % YoY growth in electric vehicles shows rapid adoption of iQube and other models. Dividend yield: Attractive at ~0.6 % post ₹12 per share payout. Valuation watch: Analysts expect FY27 EPS growth of ~20 % with target price range ₹2,300–₹2,450.