TVS Holdings quarterly results

Q2 FY27 · Jul–Sep 2026

₹ crore	Q2 FY27	Q2 FY26	Change
Revenue	20,183	14,549	+38.7%
EBITDA	3,057	2,273	+34.5%
EBITDA margin	15.2%	15.6%	−0.5 pts
Profit before tax	1,996	1,294	+54.3%
Net profit	1,286	880	+46.1%
EPS	₹313.76	₹218.89	+43.3%

Every quarter

₹ crore except per share

Tap a line for its trend	Q2 FY27Sep 2026	Q1 FY27Jun 2026	Q4 FY26Mar 2026	Q3 FY26Dec 2025	Q2 FY26Sep 2025	Q1 FY26Jun 2025	Q4 FY25Mar 2025	Q3 FY25Dec 2024	Q2 FY25Sep 2024	Q1 FY25Jun 2024	Q4 FY24Mar 2024	Q3 FY24Dec 2023	Earlier quartersAlpha Plus

Expenses
	20,183	17,076	15,588	15,276	14,549	12,742	11,800	11,459	11,554	10,476	10,125	9,996	Earlier quartersEvery year the company has filed comes with Alpha Plus.
	74.3	6.7	30.1	15.6	12.9	11.5	7.2	17.7	7.8	7.5	9.2	24.6
	20,257	17,083	15,618	15,291	14,562	12,754	11,807	11,477	11,562	10,483	10,134	10,021
	12,684	10,273	9,101	8,407	8,712	7,065	6,937	6,458	6,605	6,088	6,140	5,754
	159	285	421	258	227	325	350	118	99.0	274	168	88.6
	−99.8	−95.3	6.1	470	−206	109	−312	282	377	−64.5	−129	255
	1,631	1,484	1,269	1,206	1,184	1,144	910	930	956	957	885	866
	763	708	653	651	651	663	635	554	522	520	534	516
	373	381	372	361	341	332	309	266	261	247	270	244
	2,750	2,340	2,376	2,472	2,359	2,087	2,007	1,824	1,822	1,710	1,515	1,497
	18,261	15,376	14,198	13,824	13,268	11,724	10,835	10,431	10,643	9,733	9,381	9,220
	3,057	2,789	2,414	2,464	2,273	2,012	1,909	1,848	1,695	1,510	1,547	1,536
	2,685	2,408	2,042	2,102	1,932	1,681	1,600	1,582	1,434	1,263	1,277	1,292
Profit
	1,996	1,707	1,420	1,467	1,294	1,029	972	1,046	920	750	753	801
	0.0	0.0	0.0	−50.4	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
	1,996	1,707	1,420	1,417	1,294	1,029	972	1,046	920	750	753	801
	664	554	525	464	416	348	495	298	343	287	210	351
	42.7	−34.7	14.4	−19.7	−14.1	−4.4	−172	40.1	−40.0	−35.9	69.1	−96.2
	707	519	539	445	402	343	323	338	303	251	279	255
	−4.1	−14.1	−15.3	−2.7	−12.1	−10.8	−16.2	−21.9	−18.3	−18.2	−9.6	−13.3
	1,286	1,174	865	969	880	675	644	685	599	481	464	532
	1,290	1,188	881	972	892	686	649	707	617	499	473	546
	0.0	0.0	0.0	0.0	0.0	0.0	10.8	0.0	0.0	0.0	0.0	0.0
	33.1	−23.8	199	208	76.0	15.6	38.9	−38.0	78.1	−29.9	−45.3	29.6
	1,319	1,150	1,065	1,177	956	691	683	647	677	451	419	562
	635	610	424	493	443	336	283	386	278	217	232	224
	651	563	441	476	437	340	361	299	321	264	232	308
Per share
	₹313.76	₹301.62	₹209.62	₹243.75	₹218.89	₹165.85	₹139.87	₹190.81	₹137.54	₹107.20	₹114.78	₹110.86
	₹313.76	₹301.62	₹209.62	₹243.75	₹218.89	₹165.85	₹139.87	₹190.81	₹137.54	₹107.20	₹114.78	₹110.86
Revenue detail — as filed
	−14,032	14,032	12,819	12,541	12,015	10,286	9,606	9,483	9,768	0.0	0.0	—
	31,141	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	8,740	8,579	—
	244	0.0	−48.8	−28.8	−28.7	0.0	0.0	142	16.7	0.0	0.0	—
	−201	201	0.0	0.0	0.0	32.3	−73.6	0.0	0.0	0.0	0.0	—
	682	670	—	—	—	—	—	—	—	—	—	—
Continuing & discontinued operations
	0.0	0.0	0.0	0.0	0.0	0.0	3.0	0.0	0.0	0.0	0.0	0.0
	0.0	0.0	0.0	0.0	0.0	0.0	−7.8	0.0	0.0	0.0	0.0	0.0
Other comprehensive income — detail
	33.1	−23.8	199	208	76.0	15.6	38.9	−38.0	78.1	−29.9	−45.3	—
	—	−9.7	26.7	174	9.5	−40.1	43.5	1.2	2.5	−26.6	−20.5	12.3
	8.9	−3.2	−8.6	23.4	2.5	−9.7	8.3	—	—	—	—	—
	—	—	—	—	—	—	—	0.6	−0.7	−6.7	2.3	3.1
	—	−13.5	164	59.6	68.2	43.9	5.9	−39.8	73.7	−9.5	−24.0	18.2
	−18.8	3.7	0.2	2.2	−0.8	−2.2	2.3	—	—	—	—	—
	—	—	—	—	—	—	—	−1.3	−1.3	0.5	−1.4	−2.2
	651	597	523	597	480	343	304	364	320	202	207	268
	668	552	541	581	476	348	379	283	357	249	212	294
Per share — as-filed variants
	₹313.76	₹301.62	₹209.62	₹243.75	₹218.89	₹165.85	₹134.52	₹190.81	₹137.54	₹107.20	₹114.78	₹110.86
	₹313.76	₹301.62	₹209.62	₹243.75	₹218.89	₹165.85	₹134.52	₹190.81	₹137.54	₹107.20	₹114.78	₹110.86
	₹0.00	₹0.00	₹0.00	₹0.00	₹0.00	₹0.00	₹5.35	₹0.00	₹0.00	₹0.00	₹0.00	₹0.00
	₹0.00	₹0.00	₹0.00	₹0.00	₹0.00	₹0.00	₹5.35	₹0.00	₹0.00	₹0.00	₹0.00	₹0.00
Derived — gross profit (revenue − materials − purchases − Δ inventories)
	7,438	6,614	6,060	6,141	5,816	5,244	4,825	4,601	4,472	4,178	3,947	3,899
	36.9%	38.7%	38.9%	40.2%	40.0%	41.2%	40.9%	40.2%	38.7%	39.9%	39.0%	39.0%
Adjusted (ex-exceptional items) — derived
	1,996	1,707	1,420	1,467	1,294	1,029	972	1,046	920	750	753	801
	0.0	0.0	0.0	−50.4	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
	1,286	1,174	865	1,004	880	675	644	685	599	481	464	532
	₹313.76	₹301.62	₹209.62	₹252.44	₹218.89	₹165.85	₹139.87	₹190.81	₹137.54	₹107.20	₹114.78	₹110.86

Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

TVSHLTD₹12,194.00

TVS Holdings Limited

· Banking & Finance

Annual Quarterly₹ CrorePeersJSWHL PILANIINVS NSIL RANEHOLDIN KICL SCILAL BFINVEST SUMMITSECMcap ₹24,681 Cr

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In ₹ Crore except Per Share 3 Months Ending	Q3 FY24 31/12/2023	Q4 FY24 31/03/2024	Q1 FY25 30/06/2024	Q2 FY25 30/09/2024	Q3 FY25 31/12/2024	Q4 FY25 31/03/2025	Q1 FY26 30/06/2025	Q2 FY26 30/09/2025	Q3 FY26 31/12/2025	Q4 FY26 31/03/2026	Q1 FY27 30/06/2026	Q2 FY27 30/09/2026
Revenue from Operations	9,996.4	10,124.6	10,475.7	11,554.4	11,458.9	11,800.3	12,742.2	14,549.2	15,275.6	15,587.5	17,076.2	20,182.5
Other Income	24.6	9.2	7.5	7.8	17.7	7.2	11.5	12.9	15.6	30.1	6.7	74.3
Total Income	10,021.0	10,133.8	10,483.1	11,562.2	11,476.6	11,807.5	12,753.6	14,562.0	15,291.3	15,617.6	17,082.9	20,256.8
Expenses
+ Cost of Materials Consumed	5,754.2	6,139.8	6,088.2	6,605.5	6,458.3	6,936.6	7,064.7	8,712.2	8,406.7	9,100.5	10,272.6	12,684.4
+ Purchases of Stock-in-Trade	88.6	167.5	274.1	99.0	117.8	350.3	324.8	226.7	258.1	421.1	285.2	159.5
+ Changes in Inventories	254.8	-129.3	-64.5	377.5	281.7	-311.5	109.1	-205.8	469.7	6.1	-95.3	-99.8
+ Employee Benefit Expense	866.1	884.6	957.3	955.8	929.7	909.6	1,144.4	1,184.2	1,205.9	1,269.4	1,484.0	1,631.2
+ Finance Costs	515.6	533.9	519.9	522.2	554.4	634.9	662.6	651.4	650.8	652.6	708.4	762.8
+ Depreciation & Amortisation	244.0	269.8	247.4	260.8	265.6	309.0	331.9	340.8	361.3	371.9	381.1	372.6
+ Other Expenses	1,497.1	1,514.9	1,710.3	1,821.9	1,823.5	2,006.6	2,086.8	2,358.8	2,471.6	2,376.4	2,340.2	2,749.9
Total Expenses	9,220.4	9,381.2	9,732.6	10,642.6	10,431.1	10,835.5	11,724.3	13,268.2	13,824.1	14,198.0	15,376.3	18,260.5
EBITDA	1,535.6	1,547.1	1,510.3	1,694.8	1,847.8	1,908.8	2,012.4	2,273.1	2,463.7	2,414.1	2,789.4	3,057.4
EBIT	1,291.6	1,277.3	1,262.9	1,434.1	1,582.2	1,599.7	1,680.6	1,932.3	2,102.4	2,042.2	2,408.3	2,684.8
Profit
PBT before Exceptional Items	800.5	752.6	750.5	919.6	1,045.6	972.0	1,029.4	1,293.8	1,467.2	1,419.6	1,706.6	1,996.3
+ Exceptional Items	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-50.4	0.0	0.0	0.0
Pretax Income	800.5	752.6	750.5	919.6	1,045.6	972.0	1,029.4	1,293.8	1,416.8	1,419.6	1,706.6	1,996.3
+ Current Tax	351.2	210.0	287.2	342.6	298.1	494.9	347.6	415.8	464.4	524.5	553.6	663.8
+ Deferred Tax	-96.2	69.1	-35.9	-40.0	40.1	-172.2	-4.4	-14.1	-19.7	14.4	-34.7	42.7
Tax Expense	255.0	279.1	251.3	302.6	338.2	322.7	343.2	401.7	444.7	539.0	518.9	706.5
+ Share of Associates & JVs	-13.3	-9.6	-18.2	-18.3	-21.9	-16.2	-10.8	-12.1	-2.7	-15.3	-14.1	-4.1
Net Income	532.3	463.9	481.0	598.8	685.5	644.0	675.4	880.1	969.4	865.4	1,173.6	1,285.7
+ Net Income — Continuing Ops	545.5	473.4	499.2	617.1	707.4	649.3	686.2	892.2	972.0	880.7	1,187.6	1,289.8
+ Net Income — Discontinued Ops	0.0	0.0	0.0	0.0	0.0	10.8	0.0	0.0	0.0	0.0	0.0	0.0
+ Other Comprehensive Income	29.6	-45.3	-29.9	78.1	-38.0	38.9	15.6	76.0	208.0	199.5	-23.8	33.1
Total Comprehensive Income	561.9	418.5	451.1	676.9	647.5	682.8	691.0	956.1	1,177.4	1,064.8	1,149.8	1,318.8
Net Income to Common	224.3	232.2	216.9	278.3	386.0	283.0	335.6	442.9	493.2	424.1	610.3	634.8
Minority Interest	308.0	231.6	264.1	320.5	299.4	361.0	339.8	437.2	476.2	441.3	563.3	650.9
Per Share
Basic EPS	110.86	114.78	107.20	137.54	190.81	139.87	165.85	218.89	243.75	209.62	301.62	313.76
Diluted EPS	110.86	114.78	107.20	137.54	190.81	139.87	165.85	218.89	243.75	209.62	301.62	313.76
Revenue Detail — as filed
+ Sale of Products	—	0.0	0.0	9,768.4	9,482.9	9,606.0	10,285.6	12,015.1	12,541.3	12,818.9	14,032.1	-14,032.1
+ Sale of Services	—	8,578.5	8,740.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	31,141.3
+ Net Gain on Fair Value Changes	—	0.0	0.0	16.7	142.4	0.0	0.0	-28.7	-28.8	-48.8	0.0	244.0
+ Net Gain on Derecognition — Amortised Cost	—	0.0	0.0	0.0	0.0	-73.6	32.3	0.0	0.0	0.0	201.4	-201.4
+ Other Operating Revenue	—	—	—	—	—	—	—	—	—	—	669.7	682.0
Continuing & Discontinued Operations
+ Discontinued Operations — before Tax	0.0	0.0	0.0	0.0	0.0	3.0	0.0	0.0	0.0	0.0	0.0	0.0
+ Tax — Discontinued Operations	0.0	0.0	0.0	0.0	0.0	-7.8	0.0	0.0	0.0	0.0	0.0	0.0
Other Comprehensive Income — detail
+ Other Comprehensive Income	—	-45.3	-29.9	78.1	-38.0	38.9	15.6	76.0	208.0	199.5	-23.8	33.1
+ Items NOT to be Reclassified to P&L	12.3	-20.5	-26.6	2.5	1.2	43.5	-40.1	9.5	174.0	26.7	-9.7	—
+ Tax on Items NOT to be Reclassified	—	—	—	—	—	8.3	-9.7	2.5	23.4	-8.6	-3.2	8.9
+ Tax on Items NOT to be Reclassified — alt tag	3.1	2.3	-6.7	-0.7	0.6	—	—	—	—	—	—	—
+ Items to be Reclassified to P&L	18.2	-24.0	-9.5	73.7	-39.8	5.9	43.9	68.2	59.6	164.4	-13.5	—
+ Tax on Items to be Reclassified	—	—	—	—	—	2.3	-2.2	-0.8	2.2	0.2	3.7	-18.8
+ Tax on Items to be Reclassified — alt tag	-2.2	-1.4	0.5	-1.3	-1.3	—	—	—	—	—	—	—
Comprehensive Income — Owners of Parent	268.3	206.9	202.1	320.0	364.3	303.9	342.7	479.9	596.6	523.5	597.5	651.2
Comprehensive Income — Non-controlling Interests	293.6	211.6	249.0	356.9	283.2	378.9	348.3	476.3	580.8	541.4	552.3	667.6
Per Share — as-filed variants
Basic EPS — Continuing Operations	110.86	114.78	107.20	137.54	190.81	134.52	165.85	218.89	243.75	209.62	301.62	313.76
Diluted EPS — Continuing Operations	110.86	114.78	107.20	137.54	190.81	134.52	165.85	218.89	243.75	209.62	301.62	313.76
Basic EPS — Discontinued Operations	0.00	0.00	0.00	0.00	0.00	5.35	0.00	0.00	0.00	0.00	0.00	0.00
Diluted EPS — Discontinued Operations	0.00	0.00	0.00	0.00	0.00	5.35	0.00	0.00	0.00	0.00	0.00	0.00
Derived — Gross Profit (Revenue − Materials − Purchases − Δ Inventories)
Gross Profit	3,898.8	3,946.6	4,177.9	4,472.5	4,601.1	4,825.0	5,243.6	5,816.1	6,141.1	6,059.9	6,613.6	7,438.5
Gross Margin %	39.00	38.98	39.88	38.71	40.15	40.89	41.15	39.98	40.20	38.88	38.73	36.86
Adjusted (ex-Exceptional Items) — derived
Pretax Income (Adjusted, as filed)	800.5	752.6	750.5	919.6	1,045.6	972.0	1,029.4	1,293.8	1,467.2	1,419.6	1,706.6	1,996.3
− Exceptional Items (reconciliation)	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-50.4	0.0	0.0	0.0
Net Income Adj (tax-effected)	532.3	463.9	481.0	598.8	685.5	644.0	675.4	880.1	1,004.0	865.4	1,173.6	1,285.7
EPS Adj	110.86	114.78	107.20	137.54	190.81	139.87	165.85	218.89	252.44	209.62	301.62	313.76
Other Filed Concepts — mapped but not yet placed in the schedule
Face Value	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00
Filed Debt Equity	3.00	0.00	0.00	7.00	6.00	5.93	5.62	5.32	5.10	4.88	4.80	5.81
Filed Dscr	2.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Earned	—	1,379.4	1,431.3	1,443.4	1,506.5	1,727.1	1,878.9	1,959.1	2,070.7	2,083.5	2,173.0	2,348.6
Paid Up Equity Capital	10.1	10.1	10.1	10.1	10.1	10.1	10.1	10.1	10.1	10.1	10.1	10.1

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: Q2 FY27 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

TVS Holdings Q2 FY27 results (July–September 2026)

Filed with NSE on Wednesday, 28 October 2026 at 5:06 pm IST

TVS Holdings (NSE: TVSHLTD) reported its Q2 FY27 results (July–September 2026) on Wednesday, 28 October 2026 at 5:06 pm IST. Consolidated net profit attributable to shareholders was ₹635 crore, up 43.3% from ₹443 crore in Q2 FY26 and up 4.0% from ₹610 crore in Q1 FY27. Revenue from operations was ₹20,183 crore, up 38.7% year on year and up 18.2% from the previous quarter.

Q2 FY26 results (a year earlier): 28 October 2025
Q3 FY27 results due by: 14 February 2027

Q2 FY27 at a glance · consolidated

Net profit (shareholders'): ₹635 Cr+43.3% vs Q2 FY26+4.0% vs Q1 FY27Total incl. minority interest ₹1,286 Cr
Revenue from operations: ₹20,183 Cr+38.7% vs Q2 FY26+18.2% vs Q1 FY27
Operating margin (EBIT): 13.3%unchanged vs Q2 FY26−0.8 pts vs Q1 FY27EBIT ₹2,685 Cr
EBITDA: ₹3,057 Cr+34.5% vs Q2 FY26+9.6% vs Q1 FY27margin 15.1%
Earnings per share (basic): ₹313.76+43.3% vs Q2 FY26+4.0% vs Q1 FY27
Net profit margin: 3.1%+0.1 pts vs Q2 FY26−0.4 pts vs Q1 FY27

Questions

What was TVS Holdings' net profit in Q2 FY27?

Consolidated net profit attributable to shareholders was ₹635 crore, up 43.3% from ₹443 crore in Q2 FY26 and up 4.0% from ₹610 crore in Q1 FY27. Including the minority shareholders' share, total profit was ₹1,286 crore.

How were TVS Holdings' Q2 FY27 results?

Both grew from a year earlier: net profit was up 43.3% at ₹635 crore and revenue was up 38.7% at ₹20,183 crore. The operating margin was 13.3%, unchanged from 13.3% a year earlier. Against Q1 FY27, net profit was up 4.0% and revenue up 18.2%.

What is TVS Holdings' net profit margin?

TVS Holdings' net profit margin was 3.1% in Q2 FY27 (net profit attributable to shareholders as a share of revenue from operations), against 3.0% in Q2 FY26 (up 0.1 percentage points). For FY26 as a whole it was 2.9%.

What was TVS Holdings' revenue in Q2 FY27?

Revenue from operations was ₹20,183 crore, up 38.7% year on year and up 18.2% from the previous quarter.

What was TVS Holdings' EPS in Q2 FY27?

Basic earnings per share were ₹313.76, against ₹218.89 in Q2 FY26.

What was TVS Holdings' revenue in FY26?

Revenue from operations was ₹58,155 crore in FY26 (April 2025–March 2026), up 29.3% from ₹44,993 crore in FY25. It was ₹40,248 crore in FY24 and ₹33,564 crore in FY23: up 73.3% over three years, 20.1% a year on average.

What was TVS Holdings' operating margin in Q2 FY27?

Operating profit (EBIT — revenue less operating expenses, before finance costs and other income) was ₹2,685 crore, a margin of 13.3%, against 14.1% in Q1 FY27 and 13.3% in Q2 FY26. EBITDA was ₹3,057 crore, 15.1% of revenue.

What was TVS Holdings' net profit in the first half of FY27?

Consolidated net profit attributable to shareholders for the first half of FY27 (April–September 2026) was ₹1,245 crore, up 59.9% from ₹778 crore in the same months a year earlier. Revenue from operations was ₹37,259 crore, up 36.5%.

What was TVS Holdings' net profit in FY26?

Consolidated net profit attributable to shareholders was ₹1,696 crore in FY26 (April 2025–March 2026), up 45.7% from ₹1,164 crore in FY25. It was ₹800 crore in FY24 and ₹650 crore in FY23: up 161.0% over three years, 37.7% a year on average.

How has TVS Holdings' profit changed over the last four quarters?

Net profit attributable to shareholders by quarter: ₹493 crore in Q3 FY26, ₹424 crore in Q4 FY26, ₹610 crore in Q1 FY27 and ₹635 crore in Q2 FY27. That is ₹2,162 crore over the four quarters, up 49.4% from ₹1,447 crore in the four quarters before. Revenue from operations: ₹15,276 crore, ₹15,588 crore, ₹17,076 crore and ₹20,183 crore.

When did TVS Holdings announce its Q2 FY27 results?

On Wednesday, 28 October 2026 at 5:06 pm IST, in its results filing to the stock exchanges. A year earlier it reported Q2 FY26 on 28 October 2025.

When will TVS Holdings announce its Q3 FY27 results?

Q3 FY27 covers October–December 2026. Listed companies must publish quarterly results within 45 days of the quarter's end (SEBI listing rules, Regulation 33), so the results are due by 14 February 2027. The company tells the exchanges the date of the board meeting at least two working days before it.

Where do these TVS Holdings figures come from?

From TVS Holdings' own consolidated results filings to NSE, in ₹ crore as filed (Q2 FY27 on 28 October 2026). Growth compares the same consolidated figures a year and a quarter earlier.

Consolidated figures from the company's filings to NSE. Every company's results dates this season are in the Q2 FY27 results calendar, part of Alpha Plus.