TVS Motor Company Ltd — Q1FY27 Earnings Call Summary

TVSMOTOR · Q1FY27 · Filed 28 Jul 2026

Key Takeaways

• Q1 FY27 sales volume grew 28% to 1.63 million units; revenue up 38% to INR 13,896 Cr
• FY27 outlook: double-digit growth in ICE, strong EV momentum; Q2 expected to improve on Q1
• Export revenue INR 3,634 Cr in Q1; exports contribute ~26% of turnover, expected to grow
• EBITDA margin improvement driven by product mix, cost reduction, and scale benefits
• International sales grew 33%, driven by Africa, LATAM, and Asia; capacity expansion ongoing
• EV capacity rising from 40k to 50k units; 3W capacity from 20k to 30k units
• Commodity cost increase ~3.5% in Q1; price hikes of 1.5% in Q1 and 0.5% planned in Q2
• Operating EBITDA rose 41% to INR 1,779 Cr; EBITDA margin improved 30 bps to 12.8%
• Profit after tax increased 51% to INR 1,174 Cr; PBT includes INR 150 Cr fair valuation gain
• Domestic 2W ICE sales grew 21%, EV sales surged 86%, 3W sales up 48%

📄 Source: View original transcript (PDF)

Summary generated by AI from the official transcript filed on BSE/NSE. Not investment advice.