Integrated Filing — IndAS



General information about company

Scrip Code 532343
NSE Symbol TVSMOTOR
MSEI Symbol NOTLISTED
ISIN INE494B01023
Name of company TVS Motor Company Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 28-01-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 08-01-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Third quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Single segment
Description of single segment Automotive Vehicles and Parts
Start date and time of board meeting 28-01-2026   08:30:00
End date and time of board meeting 28-01-2026   13:00:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
There are no default on loans and Debt securities for the quarter ended 31st December 2025



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 12,47,626.00 34,46,269.00
Other income (2,801.00) (1,505.00)
Total income 12,44,825.00 34,44,764.00
2 Expenses
(a) Cost of materials consumed 8,29,115.00 23,86,052.00
(b) Purchases of stock-in-trade 11,310.00 35,281.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 47,851.00 30,526.00
(d) Employee benefit expense 61,893.00 1,80,438.00
(e) Finance costs 5,791.00 14,478.00
(f) Depreciation, depletion and amortisation expense 23,352.00 65,188.00
(f) Other Expenses
1 Other Expenses 1,34,048.00 3,73,399.00
Total other expenses 1,34,048.00 3,73,399.00
Total expenses 11,13,360.00 30,85,362.00
3 Total profit before exceptional items and tax 1,31,465.00 3,59,402.00
4 Exceptional items (4,137.00) (4,137.00)
5 Total profit before tax 1,27,328.00 3,55,265.00
6 Tax expense
7 Current tax 31,892.00 88,603.00
8 Deferred tax 1,399.00 4,157.00
9 Total tax expenses 33,291.00 92,760.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 94,037.00 2,62,505.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 94,037.00 2,62,505.00
17 Other comprehensive income net of taxes 15,881.00 13,702.00
18 Total Comprehensive Income for the period 1,09,918.00 2,76,207.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 4,751.00 4,751.00
Face value of equity share capital 1 1
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 19.79 55.25
Diluted earnings (loss) per share from continuing operations 19.79 55.25
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 19.79 55.25
Diluted earnings (loss) per share from continuing and discontinued operations 19.79 55.25
24 Debt equity ratio 0.2800 0.2800
25 Debt service coverage ratio 5.2400 5.2900
26 Interest service coverage ratio 26.7900 29.9400
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1 During the quarter, the Company has recognised a fair valuation gain of Rs 162.04 Crores on its investment held in Roppen Transportation Services Private Limited (Rapido) under Other Comprehensive income. Other income includes Rs.32.05 Crores being loss on fair valuation of an investment held by the Company. 2 During the quarter, the Company has made Rs.911.60 Crores of investments in its subsidiaries. 3 The Environment Protection (End-of-Life Vehicles) Rules, 2025 (ELV Rules) notified effective 01st April 2025, impose Extended Producer Responsibility (EPR) on vehicle manufacturers for scrapping old vehicles. The pricing mechanism for EPR certificates is yet to be notified and thus the cost of meeting the obligations under EPR cannot be reliably estimated as at 31st December 2025. 4 The New Labour Codes became effective 21st November 2025, resulting in a past period employee benefit liability of Rs. 41.37 Crores and has been reported as Exceptional Items. The Government is in the process of notifying related rules to the New Labour Codes and impact, if any, will be evaluated and accounted for in accordance with applicable accounting standards in the period in which they are notified. 5 The above financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their respective meetings held on 28th January 2026. The results have been subjected to limited review by Statutory Auditors of the Company. 6 Figures for the previous periods have been regrouped, wherever necessary, to conform to the current period's classification.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-10-2025 01-04-2025
Date of end of reporting period 31-12-2025 31-12-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Amount of items that will not be reclassified to profit and loss 17,554.00 15,834.00
Total Amount of items that will not be reclassified to profit and loss 17,554.00 15,834.00
2 Income tax relating to items that will not be reclassified to profit or loss 2,375.00 1,948.00
3 Amount of items that will be reclassified to profit and loss
1 Amount of items that will be reclassified to profit and loss 938.00 (246.00)
Total Amount of items that will be reclassified to profit and loss 938.00 (246.00)
4 Income tax relating to items that will be reclassified to profit or loss 236.00 (62.00)
5 Total Other comprehensive income 15,881.00 13,702.00