Shares of TVS Motor Company Limited traded in red on Thursday, October 29, even as the two-wheeler manufacturer reported a strong set of earnings for the second quarter of the financial year, with a 50 percent year-on-year rise in consolidated net profit and 38.6 per cent growth in revenue.
TVS Motor shares were trading 0.42 percent lower at Rs 4,222 at around 10.20 am on the NSE, compared with the previous close of Rs 4,239.90. However, the stock opened 1 percent higher at Rs 4,283 from the previous close.
TVS Motor reported consolidated net profit of Rs 1,194.51 crore for the July-September quarter compared with Rs 795.48 crore in the corresponding period last year. Revenue from operations stood at Rs 19,474.44 crore, compared to Rs 14,051.22 crore in Q2 FY26.
The increase in revenue was supported by strong double-digit growth in vehicle volumes during the quarter, which reached an all-time high. TVS Motor’s overall two- and three-wheeler volume grew by 27 per cent to around 19.19 lakh units from 15.07 lakh units a year ago.
Motorcycle sales grew by 28 per cent to around 8.58 lakh units during the quarter from 6.73 lakh units in the year-ago period. Scooter sales increased 29 per cent to 8.25 lakh units from 6.39 lakh units. Its international business registered a 25 per cent increase with sales of 5 lakh units against 4 lakh units in the year-ago quarter.