TVS Motor Q1 Results FY27: Revenue Rises 38%, Profit Hits Record High as Shares Jump Over 5%
TVS Motor reported a strong set of Q1 FY27 results, with revenue rising 38% year-on-year to ₹13,896 crore and profit after tax (PAT) climbing 51% to a record ₹1,174 crore. The company also posted its highest-ever quarterly vehicle sales, driven by robust growth in scooters, electric vehicles and international markets, while TVS Motor shares gained over 5% following the announcement.
TVS Motor Q1 Results FY27: Revenue Rises 38%, Profit Hits Record High as Shares Jump Over 5%
TVS Motor shares were trading 5.68% higher as of 2:50 PM on July 21, 2026, after the company announced its Q1 FY27 results. Investors welcomed a strong set of numbers, with the company reporting record quarterly revenue, profit and vehicle sales.
TVS Motor Company posted its highest-ever quarterly revenue, profit after tax (PAT) and sales volumes during the June quarter. Revenue jumped 38% year-on-year, PAT rose 51%, and total vehicle sales increased 28%. Beyond the headline numbers, the quarter also highlighted strong growth across scooters, electric vehicles (EVs), three-wheelers and international markets.
TVS Motor Q1 Results FY27: Revenue Hits Record ₹13,896 Crore
TVS Motor reported revenue of ₹13,896 crore in Q1 FY27, up 38% from ₹10,081 crore in the corresponding quarter last year.
Profit grew even faster. Profit after tax (PAT) increased 51% to ₹1,174 crore, compared with ₹776 crore in Q1 FY26, making it the company's highest-ever quarterly PAT.
EBITDA also rose 41% from ₹1,260 crore to ₹1,779 crore.
Here's the Q1 FY27 performance at a glance:
| Metric | Q1 FY26 | Q1 FY27 | Growth |
|---|---|---|---|
| Revenue | ₹10,081 crore | ₹13,896 crore | 38% |
| EBITDA | ₹1,260 crore | ₹1,779 crore | 41% |
| EBITDA Margin | 12.5% | 12.8% | 30 bps |
| PAT | ₹776 crore | ₹1,174 crore | 51% |
Source: TVS Motor Company Q1 FY27 Earnings Release
One detail worth noting is that the reported PAT for Q1 FY27 includes a ₹150 crore fair valuation gain on investments, compared with ₹28 crore in the corresponding quarter last year.
TVS Motor Vehicle Sales Reach Record 1.63 Million Units
Behind the strong financial performance was TVS Motor's highest-ever quarterly vehicle sales.
Total two- and three-wheeler sales reached 1.63 million units, up 28% from 1.28 million units in Q1 FY26.
Growth, however, was not uniform across categories.
Motorcycle sales grew 19%, increasing from around 0.62 million units to 0.74 million units. Scooter sales outpaced motorcycles, rising 36% from around 0.50 million units to 0.68 million units.
Three-wheeler sales were even stronger, climbing 48% to 66,697 units, compared with 44,978 units in the year-ago period.
The results show that TVS Motor's record quarter was supported by multiple vehicle categories. While motorcycles continued to provide scale, scooters and three-wheelers delivered faster growth.
TVS Motor EV Sales Jump 86% in Q1 FY27
The strongest growth came from electric two-wheelers.
TVS Motor's electric two-wheeler sales surged 86% to 129,940 units, compared with 70,060 units in Q1 FY26.
That represents an increase of nearly 60,000 EVs in just one year.
The company also said it has now crossed 1 million EV customers.
International business remained another key growth driver. Overseas sales increased 33% to 0.47 million units, up from 0.35 million units in the corresponding quarter last year.
Alongside its domestic portfolio, EVs and international markets are becoming increasingly important contributors to TVS Motor's overall growth.
EBITDA Margin Improves Despite Commodity Cost Pressures
One of the few challenges during the quarter was higher commodity prices.
TVS Motor said rising commodity prices increased input costs during the quarter. Despite this, EBITDA margin improved from 12.5% to 12.8%, representing an expansion of 30 basis points.
The company said it partially offset higher costs through price adjustments, cost optimisation and benefits from higher production volumes.
TVS Motor sold more vehicles across every major category, grew revenue by 38%, expanded EBITDA by 41% and still managed to improve margins despite higher input costs.
What TVS Motor's Q1 FY27 Results Mean
The standout feature of TVS Motor's Q1 FY27 results was the broad-based nature of its growth.
Total sales increased 28%, revenue rose 38%, EBITDA climbed 41% and PAT grew 51%. Beyond the headline figures, scooters grew 36%, international business expanded 33%, three-wheelers increased 48% and electric two-wheelers surged 86%.
The market responded positively, with TVS Motor shares trading 5.68% higher by 2:50 PM on July 21 following the announcement.
The results indicate that TVS Motor is benefiting from multiple growth drivers simultaneously. While motorcycles continue to provide scale, faster growth in scooters, EVs, three-wheelers and international markets is helping diversify the company's growth profile.