India's TVS Motor rises on profit jump, revenue beat

Hero Motocorp

28/01/2026 08:08

** TVS Motor Co TVSM.NS climbs 3.1% to 3,677 rupees

** Co, which makes two- and three-wheelers, posts 52% jump in Q3 profit to 9.4 billion rupees ($102.5 million)

** However, co misses estimates of 9.8 billion rupees due to one-time charge of 413.7 million rupees tied to India's new labour code

** Overall sales volume, including exports, up 27.4% in Q3

** Revenue jumps 37% to record high of 124.76 billion rupees, above estimates of 122.89 billion rupees

** TVSM was down 1.4% before results, rose as much as 3.4%after earnings beat

** TVSM and Royal Enfield motorcycles maker Eicher Motors EICH.NS only "buy"-rated two-wheeler stocks; Bajaj Auto BAJA.NS and Hero MotoCorp HROM.NS rated "hold" - data compiled by LSEG

** Stock trims monthly losses to 1.5%, but set to post first monthly drop in six, if losses hold

($1 = 91.6787 Indian rupees)

 (Reporting by Nandan Mandayam in Bengaluru)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))