Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Q2 FY27 sales volume grew 27% to 1.9 million units; revenue up 44% to INR17,103 Cr - EBITDA rose 47% to INR2,219 Cr with margin improvement to 13%; PAT grew 52% to INR1,377 Cr - Board approved demerger of consumer finance business for strategic focus and shareholder value - Domestic 2W ICE grew 16%, EV 129%; international 2W ICE up 33%, EV exports growing - Capacity expansion underway for EVs to 80,000 units; new product launches planned including Norton models - Industry outlook: single-digit ICE growth, strong EV momentum; TVS confident to outgrow market - Pricing increases of ~1.6% vs material cost rise of ~1.9% in Q2; further small hikes expected - TVS Credit book grew 22% to INR33,818 Cr; profit before tax up 19% to INR330 Cr - Multiple analyst queries on EV capacity and profitability; management confirms improving margins and scale - Demerger process expected to complete in 8-10 months; shareholders to receive mirror shares in new entity