India's TVS Motor settles higher on Q2 profit beat

TVS Motor

28/10/2026 10:03

** Shares of TVS Motor TVSM.NS closes 3.74% higher at 4,239.9 rupees
** The two-wheeler maker reported a profit of 13.77 billion rupees ($144.66 million), beating analysts' average estimate of 12.76 billion rupees, according to data compiled by LSEG    
** Revenue from operations rose nearly 44%, helped by robust demand for higher-margin motorcycles
** More than 1.23 million shares change hands, its most active session in nearly a month
** Stock up 14% YTD, compared to a 9% drop in Nifty Auto index .NIFTYAUTO 


($1 = 95.1875 Indian rupees)

 (Reporting by Nishit Navin in Bengaluru)
 ((nishit.navin@thomsonreuters.com))