TVS Motor Company Limited (BOM:532343)

TVS Motor Company Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Operating Revenue	577,617	488,940	374,706	329,944	319,740	216,155
Other Revenue	80,057	71,342	66,634	58,697	1,184	27,520
Revenue	657,674	560,282	441,341	388,641	320,924	243,675
Revenue Growth	34.67%	26.95%	13.56%	21.10%	31.70%	25.26%
Cost of Revenue	421,412	351,636	270,023	244,604	209,964	163,583
Gross Profit	236,262	208,646	171,318	144,037	110,960	80,092
Selling, General & Admin	70,941	64,584	51,945	44,850	36,338	26,637
Other Operating Expenses	67,894	60,408	52,309	43,475	32,765	25,770
Operating Expenses	152,331	137,719	114,709	97,887	77,691	59,835
Operating Income	83,931	70,928	56,609	46,150	33,269	20,257
Interest Expense	-23,890	-22,201	-20,832	-19,059	-13,559	-8,828
Earnings From Equity Investments	-366.5	-410.6	-741.2	-434.7	-407.3	24.9
Currency Exchange Gain (Loss)	-164.6	-164.6	-149.5	-73.4	-2.4	-14.9
Other Non Operating Income (Expenses)	417	417	75.7	59.3	51.4	-394.7
EBT Excluding Unusual Items	59,927	48,569	34,962	26,642	19,353	11,044
Gain (Loss) on Sale of Assets	149.7	149.7	91.5	33.8	26.5	24.7
Other Unusual Items	-500.8	-500.8	-	-	-18.7	-401.2
Pretax Income	59,576	48,217	35,054	26,676	19,360	10,668
Income Tax Expense	19,697	16,353	11,555	9,140	6,266	3,359
Earnings From Continuing Operations	39,879	31,864	23,499	17,536	13,095	7,309
Earnings From Discontinued Operations	-	-	299.1	249.6	-	-
Net Income to Company	39,879	31,864	23,798	17,785	13,095	7,309
Minority Interest in Earnings	-1,611	-1,681	-1,443	-921.7	192.1	259.4
Net Income	38,268	30,183	22,356	16,864	13,287	7,568
Net Income to Common	38,268	30,183	22,356	16,864	13,287	7,568
Net Income Growth	46.08%	35.01%	32.57%	26.92%	75.56%	27.36%
Shares Outstanding (Basic)	475	475	475	475	475	475
Shares Outstanding (Diluted)	475	475	475	475	475	475
Shares Change	-0.02%	-	-	-	-	-
EPS (Basic)	80.55	63.53	47.06	35.50	27.97	15.93
EPS (Diluted)	80.55	63.53	47.06	35.50	27.97	15.93
EPS Growth	46.10%	35.01%	32.57%	26.92%	75.56%	27.36%

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Free Cash Flow	-31,312	-13,685	10,249	-23,978	-57,456	-25,450
Free Cash Flow Per Share	-65.91	-28.80	21.57	-50.47	-120.94	-53.57
Dividend Per Share	-	12.000	10.000	8.000	5.000	3.750
Dividend Growth	-	20.00%	25.00%	60.00%	33.33%	7.14%
Gross Margin	35.92%	37.24%	38.82%	37.06%	34.58%	32.87%
Operating Margin	12.76%	12.66%	12.83%	11.88%	10.37%	8.31%
Profit Margin	5.82%	5.39%	5.07%	4.34%	4.14%	3.11%
Free Cash Flow Margin	-4.76%	-2.44%	2.32%	-6.17%	-17.90%	-10.44%
EBITDA	92,258	78,485	62,822	52,147	38,985	25,662
EBITDA Margin	14.03%	14.01%	14.23%	13.42%	12.15%	10.53%
D&A For EBITDA	8,328	7,558	6,214	5,996	5,716	5,404
EBIT	83,931	70,928	56,609	46,150	33,269	20,257
EBIT Margin	12.76%	12.66%	12.83%	11.88%	10.37%	8.31%
Effective Tax Rate	33.06%	33.91%	32.96%	34.26%	32.36%	31.49%
Revenue as Reported	658,308	560,915	441,586	388,846	321,120	243,882
Advertising Expenses	-	9,649	8,195	5,964	3,848	3,275

Data Source: S&P Global Market Intelligence Last updated: Oct 28, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 3, 2026

Data Sources Report a data error