India's TVS Motor misses quarterly profit view

TVS Motor

13/05/2026 08:45

May 13 (Reuters) - TVS Motor TVSM.NS, India's third-largest two-wheeler maker, reported a 31% rise in its fourth-quarter profit on Wednesday, as soaring raw material costs offset strong local demand for its scooters and motorbikes.

The Jupiter scooter maker reported a profit of 9.98 billion rupees  ($104.28 million) for the March quarter, missing analysts' estimate of 10.09 billion rupees, according to data compiled by LSEG.

($1 = 95.7050 Indian rupees)

 (Reporting by Urvi Dugar in Bengaluru; Editing by Subhranshu Sahu)

 ((UrviManoj.Dugar@thomsonreuters.com; +91 9558725583;))