Why

TMPV

rises 5% despite 32% YoY profit decline?

Because the market focused more on future growth signals than near-term earnings pressure. The company reported record domestic PV sales, rising market share, improving EBIT margins, and continued dominance in India’s EV segment with over 92,000 EV sales in FY26. Investors were also encouraged by sequential recovery in JLR operations after earlier disruptions, along with a strong upcoming product pipeline including ***** and Sierra. Brokerages highlighted improving operational efficiency, better product mix, and long-term recovery potential, which helped sentiment remain positive despite weaker profitability.