TVS Motor’s Q2 EBITDA margin slipped 20 basis points to 13%, falling short of the 13.2% consensus, yet net profit and revenue still eclipsed CNBC‑TV18’s poll estimates.
Revenue from operations surged 43.7% YoY to ₹17,103 crore, eclipsing the ₹16,790 crore consensus and marking a 44% jump from the ₹11,905 crore of FY26 Q2.
The news sent the NSE‑listed TVSMOTOR.NS up 4% intraday, closing at ₹1,200, up from ₹1,150 at the open, and hitting a 15‑minute high of ₹1,220.
In a bid to consolidate its financial arm, the board approved a ₹530.08 crore cash purchase of STPL Trading and Services, a company that recently posted a ₹72.44 crore profit and holds a 7.5% stake in Home Credit India Finance.
Analysts now expect Q3 earnings to trend above ₹1,500 crore in net profit, with margin recovery aimed for 14% by year‑end, while the sector faces pressure from rising raw‑material costs.