India's TVS Motor set for best day in 3 months as quarterly profit jumps

TVS Motor

21/07/2026 10:20

** TVS Motor Company TVSM.NS shares rise 5.1% to 3,774.9 rupees, set for biggest intraday pct rise since April
** Posts 37.8% rise in quarterly revenue from operations, compared with a year earlier; Profit jumps 51.4%
** Quarterly EBITDA rises 41% to 17.79 billion rupees
** Co says it registered its highest-ever quarterly sales, with overall two- and three-wheeler sales growing by 28% YoY to 1.63 million units
** "Commodity prices witnessed a sharp upward trend during the quarter due to global market uncertainties resulting in increased input costs" - TVS
** The company said it partly offset higher costs through price hikes and cost-control measures
** TVSM on avg rated "buy" by 35 analysts; median PT is 4,050 rupees - LSEG-compiled data
** YTD, stock up 1% vs 5.4% fall in Nifty 100 Index .NIFTY100

 (Reporting by Abhinav Parmar and Abhirami G in Bengaluru)
 ((Abhinav.Parmar@thomsonreuters.com;))