A. Unaudited Standalone & Consolidated Financial Results for Quarter Ended 30th September 2026

The Board of Directors approved the unaudited standalone and consolidated financial results for the quarter and half-year ended 30th September 2026, in compliance with SEBI Listing Regulations 30, 33, 51, and 52.

Standalone Financial Highlights (Q2 FY27 vs Q2 FY26):

  • Sales Volume: 1,919,005 units (up from 1,506,950 units)
  • Revenue from Operations: ₹17,103.41 Cr (up 44% from ₹11,905.43 Cr)
  • Total Income: ₹17,148.45 Cr (up from ₹11,884.69 Cr)
  • Profit Before Tax: ₹1,864.55 Cr (up from ₹1,223.85 Cr)
  • Profit After Tax: ₹1,377.15 Cr (up 52% from ₹903.64 Cr)
  • EPS (Basic & Diluted): ₹28.99 (up from ₹19.02)

Half-Year Standalone Performance (H1 FY27 vs H1 FY26):

  • Sales Volume: 3,549,563 units (up from 2,783,942 units)
  • Revenue from Operations: ₹30,999.49 Cr (up 41% from ₹21,986.43 Cr)
  • Profit Before Tax: ₹3,454.00 Cr (up from ₹2,273.98 Cr)
  • Profit After Tax: ₹2,551.12 Cr (up 52% from ₹1,679.29 Cr)
  • EPS (Basic & Diluted): ₹53.70 (up from ₹35.35)

Key Financial Ratios (Standalone):

  • Net Debt to Equity: 0.37 times (30.09.2026)
  • Debt Service Coverage Ratio: 6.62 times (H1 FY27)
  • Interest Service Coverage Ratio: 20.57 times (H1 FY27)
  • Operating Margin: 12.9% (H1 FY27)
  • Net Profit Margin: 8.2% (H1 FY27)

Consolidated Financial Highlights (Q2 FY27):

  • Revenue from Operations: ₹19,474.44 Cr
  • Profit After Tax (attributable to owners): ₹1,194.51 Cr
  • EPS (Basic & Diluted): ₹25.14

Significant Events & Disclosures:

1. The amalgamation of Sundaram Auto Components Limited (wholly owned subsidiary) with the Company was approved by NCLT Chennai on 6th May 2026 with appointed date of 1st April 2025, with financials restated accordingly.

2. Environment Protection (End-of-Life Vehicles) Rules 2025 impose Extended Producer Responsibility, but cost cannot be reliably estimated as framework is yet to be notified.

3. The Company allotted 100,000 Senior, Rated, Unsecured, Listed, Redeemable Non-Convertible Debentures of ₹1,00,000 each (aggregating ₹1,000 Cr) on 10th August 2026, listed on NSE.

4. Material investments during quarter: ₹711 Cr in TVS Credit Services Limited and ₹566 Cr in TVS Motor (Singapore) Pte Limited.

5. Redeemed 190,034,846 preference shares of ₹10 each (aggregating ₹2,014.36 Cr including dividend) on 1st September 2026.

6. The Company operates in Automotive and Financial segments.

B. Composite Scheme of Arrangement

The Board approved a composite scheme under Sections 230-232 of Companies Act, 2013 involving:

1. Acquisition of entire stake of Harita ARC Limited (TVSM WOS)

2. Amalgamation of TVS Motor Services Limited (Transferor Company) with TVS Motor Company Limited (Transferee Company)

3. Demerger of the consumer finance and related business undertaking from TVS Motor Company into Harita ARC Limited (Resulting Company/TVSM WOS)

Scheme Details:

  • The Resulting Company will issue 1 fully paid-up equity share of face value ₹1 for every 1 equity share of TVS Motor Company held
  • Share entitlement ratio determined by valuation report from Bansi S. Mehta Valuers LLP dated 28th October 2026
  • JM Financial Limited issued fairness opinion on the share entitlement ratio
  • TVS Motor Services Limited will dissolve without winding up
  • Post-demerger shareholding of Resulting Company will mirror TVS Motor's pattern: Promoters 50.27%, Public 49.71%, Non-Promoter Non-Public 0.02%
  • The demerged undertaking had turnover of ₹3,921 Cr (11% of total ₹35,770 Cr) for period ended 30th September 2026

Rationale: Streamline group structure, create focused businesses, unlock value, provide strategic autonomy, sharper capital allocation, and enhance flexibility to pursue sector opportunities.

Approvals Required: Stock exchanges (BSE, NSE), SEBI, jurisdictional NCLT, shareholders, and creditors of companies involved.

C. Acquisition of STPL Trading and Services Private Limited

The Board approved acquisition of 100% stake in STPL Trading and Services Private Limited for ₹530.08 Cr.

Details:

  • STPL holds 7.5% shares in Home Credit India Finance Private Limited (NBFC)
  • Acquisition will give TVS Motor an additional ~2.4% holding in TVS Credit Services post-merger of Home Credit with TVSCS
  • Paid-up capital: ₹188.95 Cr
  • PAT: ₹72.44 Cr (latest)
  • Networth: ₹220.85 Cr
  • Expected completion by 31st December 2026
  • Related party transaction done at arm's length based on valuation report

Additional Information

  • Board meeting duration: 10:30 AM to 2:50 PM IST on 28th October 2026
  • The Scheme and various annexures will be available on company website www.tvsmotor.com
  • Press release highlights record revenue growth, highest ever sales, and strategic rationale for demerger
  • Company announced appointment of Mr. Peyman Kargar as Director & CEO effective 27th January 2027