Executive Summary
In the India BSE AUTO sector, Q4 and FY26 results dominate 19 filings, revealing robust revenue growth across key players (Tube Investments +8.4-16.4% YoY, Tata Motors +11-22% YoY standalone, TVS Motor +30.4% YoY) but sharp PAT declines in Tube (-36.2% FY26) and Tata (-23-24%) due to exceptional items and absence of prior gains, contrasting TVS's +37.2% PAT surge on 24.1% volume growth.
EBITDA margins expanded at Tata (+120-130 bps) and TVS (+60 bps normalized), signaling operational strength amid sector headwinds. Capital allocation favors shareholders with Tata's ₹4 final dividend (200% FV) and TVS ₹12 interim, while forward catalysts include Tata's Iveco acquisition closure by Q2 FY27 and June 29 AGM. Mixed sentiment prevails (Tube/Tata mixed, TVS positive), with portfolio-level trends showing revenue acceleration QoQ in Q4 but profitability pressure from one-offs; TVS emerges as clear outperformer vs peers. Administrative updates (Exide RTA change, KMP shifts) are neutral, but investor meets signal engagement.
Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →
Filing types in this digest: Corporate governance · Corporate action · M&A · Board meeting · Company update
Tracking the trend? Catch up on the prior BSE Auto Sector Regulatory Filings digest from May 12, 2026.
Investment Signals (11)
- TVS Motor ↓ (BULLISH)▲
FY26 revenue +30.4% YoY to ₹47,270 Cr, PAT +37.2% to ₹3,615 Cr, volumes +24.1% to 58.89L units, EBITDA margin +60 bps to 12.9% normalized, all segments up (3W +63%, scooters +27%, EVs +33% FY/+51% Q4)
- Tata Motors ↓ (BULLISH)▲
Standalone FY26 revenue +11% YoY to ₹77,399 Cr, EBITDA +22% with margin +120 bps to 13.2%, FCF +₹2,179 Cr to ₹9,186 Cr, net cash ₹7.5K Cr domestic, CV wholesales +14% YoY
- Tata Motors ↓ (BULLISH)▲
Q4 standalone revenue +22% YoY to ₹24,452 Cr, EBITDA +35% to ₹3.4K Cr (margin +130 bps to 13.9%), PBT (bei) +58% to ₹2,972 Cr, CV market share 35.7% (HCV 55%)
- Tube Investments ↓ (BULLISH)▲
Q4 FY26 revenue +16.4% YoY to ₹2,278 Cr (+5.9% QoQ), FY26 +8.4% to ₹8,556 Cr, Engineering +21.9% YoY, Mobility +14.9% YoY, segment assets +14% to ₹7,491 Cr
- TVS Motor ↓ (BULLISH)▲
Operating PBT +40% YoY to ₹4,975 Cr, Q4 revenue record ₹12,808 Cr (+34.1% YoY/+2.7% QoQ), EPS +38.7% to ₹76.09, unmodified audit opinion
- Tata Motors ↓ (BULLISH)▲
Consolidated FY26 revenue +10% YoY to ₹83.9K Cr, EBITDA margin + to 12.3%, Auto ROCE +11 pts to 72%, exports +54% YoY, cash conversion (31) days improved
- Tata Motors ↓ (BULLISH)▲
Final dividend ₹4/share (200% FV) recommended, total payout post shareholder approval at June 29 AGM
- TVS Motor ↓ (BULLISH)▲
Interim dividend ₹12/share (1200%) declared March 2026, bonus NCRPS allotted ₹1,900 Cr maturing Sep 2026
- Tube Investments ↓ (BULLISH)▲
Capital employed +12.9% YoY to ₹5,989 Cr, total segment assets +14% YoY despite PAT decline
- Tata Motors ↓ (BULLISH)▲
Iveco acquisition most approvals received, closure expected Q2 FY27, enhancing portfolio
- Tube Investments ↓ (BULLISH)▲
Others segment +47% YoY to ₹70 Cr in Q4, offsetting declines elsewhere
Risk Flags (8)
- Tube Investments/PAT Decline↓ [HIGH RISK]▼
FY26 PAT -36.2% YoY to ₹827 Cr (Q4 -65.2% to ₹284 Cr), EPS -36.2% to ₹42.76, due to no ₹569 Cr CCPS gain repeat, exceptional loss ₹23 Cr vs ₹19 Cr prior
- Tube Investments/Segment Profits↓ [MEDIUM RISK]▼
Engineering and Metal Formed Products results down (Eng +1.8% modest, MFP -10.9% Q4), overall profitability declined despite revenue growth
- Tata Motors/PAT Decline↓ [HIGH RISK]▼
Standalone FY26 PAT -23% to ₹3.4K Cr, consolidated -24% to ₹3.0K Cr, hit by ₹3.7K Cr/₹1.4K Cr exceptional items (MTM losses, labor code, demerger)
- Tube Investments/Exceptionals↓ [MEDIUM RISK]▼
Negative exceptional items ₹22.75 Cr FY26 (worse than ₹19.13 Cr FY25 loss), higher expenses offsetting revenue gains
- Tata Motors/Market Share↓ [MEDIUM RISK]▼
HCV market share slip to 35.7% FY26 (implied from details), H1 volumes muted due to external factors
- Tube Investments/Relative Performance↓ [MEDIUM RISK]▼
FY26 revenue growth 8.4% lags TVS 30% and Tata 11%, PAT decline sharper than peers
- Tata Motors/Finance Costs↓ [LOW RISK]▼
Q4 FY26 ₹166 Cr down YoY but ongoing exceptional drags, Q2 loss noted
- TVS Motor/Exceptionals↓ [LOW RISK]▼
₹41 Cr loss in Q3 FY26, other income negative ₹30 Cr FY26
Opportunities (8)
- TVS Motor/Volume Momentum↓ (OPPORTUNITY)◆
24.1% YoY sales growth to 58.89L units, EVs +33% FY/+51% Q4, 3W +63%, scooters +27%; trade at premium to peers on outperformance
- Tata Motors/FCF & Cash↓ (OPPORTUNITY)◆
FY26 FCF ₹9,186 Cr (+₹2,179 Cr YoY), net cash ₹13.7K Cr consolidated/₹7.5K domestic; undervalued balance sheet strength
- Tata Motors/Iveco M&A↓ (OPPORTUNITY)◆
Acquisition closure Q2 FY27 post approvals, adds strategic value at favorable terms
- Tube Investments/Segment Recovery↓ (OPPORTUNITY)◆
Engineering revenue +22% Q4 YoY, assets +14% YoY; potential rebound post one-offs
- Tata Motors/Dividend Yield↓ (OPPORTUNITY)◆
₹4 final dividend at 200% FV, post strong EBITDA; attractive for income portfolios
- TVS Motor/Margin Expansion↓ (OPPORTUNITY)◆
Normalized EBITDA +60 bps to 12.9% FY26, Q4 13.1%; operational leverage ahead
- Maruti Suzuki/Investor Meets↓ (OPPORTUNITY)◆
Schedule May 18-19 2026; gauge FY26 guidance/outlook for sector leader
- Tube Investments/Analyst Call↓ (OPPORTUNITY)◆
May 13 recording available; extract forward guidance post mixed results
Sector Themes (5)
- Revenue Acceleration in Q4◆
4/5 key reporters (Tube +16.4%, Tata +22% standalone/+19% cons, TVS +34.1%) showed strong Q4 YoY growth vs FY avg (8-30%), signaling demand recovery [IMPLICATION: Short-term bullish momentum]
- PAT Pressure from Exceptionals◆
Tube -36%, Tata -23-24% FY26 PAT drops due to one-offs (₹23-₹3.7K Cr), absent prior gains; TVS outlier +37% [IMPLICATION: Adjusted profits stronger, watch normalization]
- EBITDA Margin Resilience◆
Tata +120-130 bps to 13.2-13.9%, TVS +60 bps to 12.9%; 3/3 reporters expanded despite costs [IMPLICATION: Operational health intact, potential re-rating]
- Shareholder Returns Active◆
Tata final ₹4 div, TVS ₹12 interim + bonus NCRPS ₹1.9K Cr; capital allocation favors payouts vs reinvestment [IMPLICATION: Mature sector, dividend yield appeal]
- Volume & Market Share Gains◆
TVS +24% volumes, Tata CV +14% wholesales/35.7% share (HCV 55%); exports +54% Tata [IMPLICATION: Domestic + export tailwinds]
Watch List (7)
- Tata Motors/AGM↓ (WATCH FOR APPROVALS)👁
Shareholder approval for ₹4 final dividend, Share-based PSU scheme (0.14% dilution), June 29 2026
-
Regulatory closure expected Q2 FY27; monitor timelines/valuation impact [Q2 FY27]
-
Schedule May 18-19 2026; potential FY26 results/guidance previews [MAY 18-19]
- Tube Investments/Analyst Call Recording↓ (IMMEDIATE)👁
Hosted May 13 2026; review for Q1 FY27 outlook post PAT miss
- TVS Motor/Postal Ballot↓ (NEAR-TERM)👁
Shareholder approval for new Independent Director Ravindran Shanmugam
- Exide Industries/RTA Change↓ (ONGOING)👁
New MUFG Intime effective May 8 2026; watch for any service disruptions
-
CS/CHRO transitions June 1/May 29 2026; assess execution continuity [JUNE 2026]
Filing Analyses
(19)
13-05-2026
Tube Investments of India Limited reported audited standalone financial results for Q4 FY26 and FY26 ended March 31, 2026, with total revenue from operations growing 16.4% YoY to ₹2,278.57 Cr in Q4 and 8.4% YoY to ₹8,556.35 Cr for FY26. However, profit before tax declined sharply 59.4% YoY to ₹357.21 Cr in Q4 and 28.9% YoY to ₹1,082.80 Cr for FY26, while PAT fell 65.2% YoY to ₹283.52 Cr in Q4 and 36.2% YoY to ₹827.35 Cr for FY26, impacted by exceptional losses and lower segment results despite a ₹569 Cr fair value gain on CCPS. Segment revenue grew across Engineering (+21.9% YoY), Metal Formed Products (+4.3% YoY), and Mobility (+14.9% YoY) in Q4, but segment results were mixed with declines in Engineering and Metal Formed Products.
- · Basic EPS FY26: ₹42.76 (down from ₹67.03 in FY25)
- · Paid-up Equity Share Capital: ₹19.36 Cr
- · Total Segment Assets as at March 31, 2026: ₹7,491.09 Cr (up from ₹6,571.21 Cr as at March 31, 2025)
- · Exceptional items FY26: -₹22.75 Cr
- · Q4 FY26 QoQ Revenue growth: 5.8% from Q3 FY26
13-05-2026
Tube Investments of India Limited reported standalone revenue from operations of ₹8,556.35 Cr for FY26, up 8.4% YoY from ₹7,892.53 Cr, with Q4 FY26 revenue at ₹2,278.57 Cr, up 16.4% YoY from ₹1,957.25 Cr, driven by strong Engineering segment growth of 21.8% YoY. However, profit after tax declined sharply 36.2% YoY to ₹827.35 Cr for FY26 from ₹1,296.66 Cr and 65.2% in Q4 to ₹283.52 Cr from ₹813.65 Cr, due to higher expenses and lower profit before exceptional items. Segment results were mixed, with Metal Formed Products down 10.9% and Mobility flat at -2.1% in Q4, while Others declined 6.5% YoY for the year.
- · Basic EPS FY26: ₹42.76 (vs ₹67.03 FY25)
- · Exceptional items FY26: -₹22.75 Cr
- · Total capital employed FY26: ₹5,988.63 Cr (up 12.9% YoY)
- · Investments in subsidiaries, JVs and associates: ₹3,499.02 Cr
- · The Q4 FY26 figures are balancing figures between audited FY and unaudited YTD Q3
13-05-2026
Tube Investments of India Limited reported standalone total revenue from operations of ₹2,278.57 Cr for Q4 FY26 (ended March 31, 2026), up 16.4% YoY from ₹1,957.25 Cr, driven by growth in Engineering (+22.0% to ₹1,494.92 Cr) and Mobility (+14.9% to ₹207.61 Cr), while FY26 revenue rose 8.4% YoY to ₹8,556.35 Cr from ₹7,892.53 Cr. However, profit after tax fell sharply to ₹283.52 Cr in Q4 FY26 from ₹813.65 Cr YoY (-65.2%) and to ₹827.35 Cr for FY26 from ₹1,296.66 Cr (-36.2%), impacted by a one-time fair value gain on CCPS of ₹569.00 Cr mostly in Q3 FY26, negative exceptional items of ₹22.75 Cr, and higher expenses. Segment results showed modest growth in Engineering (₹689.12 Cr, +1.8% YoY) and Others (+47.0% to ₹70.25 Cr), but overall profitability declined.
- · Total segment assets stood at ₹7,491.09 Cr as at March 31, 2026, up 14.0% from ₹6,571.21 Cr YoY.
- · Basic EPS for FY26 at ₹42.76 (down from ₹67.03 YoY); Diluted EPS ₹42.74 (down from ₹66.98).
- · Exceptional items loss of ₹22.75 Cr in FY26 (vs ₹19.13 Cr loss in FY25).
- · Capital employed ₹5,988.63 Cr as at March 31, 2026 (up from ₹5,305.60 Cr YoY).
13-05-2026
Tube Investments of India Limited (BSE: 540762) made an announcement under Regulation 30 of SEBI (LODR) on May 13, 2026, regarding Dividend Updates - Dividend. No specific details such as dividend quantum, record date, payment timeline, payout ratio, or historical comparisons are disclosed in the provided information. This is an informational disclosure with no quantitative financial metrics or performance indicators mentioned.
13-05-2026
Tube Investments of India Limited reported standalone total revenue from operations of ₹2,278.57 Cr for Q4 FY26 (ended March 31, 2026), up 16.41% YoY from ₹1,957.25 Cr and 5.88% QoQ from ₹2,152.22 Cr, driven by growth across segments like Engineering (+21.92% YoY). However, PAT fell sharply 65.15% YoY to ₹283.52 Cr from ₹813.65 Cr due to the absence of a ₹569 Cr fair value gain on CCPS recorded in the prior year. For FY26, revenue grew 8.41% YoY to ₹8,556.35 Cr, but PAT declined 36.20% to ₹827.35 Cr amid higher expenses, with Others segment revenue down 6.48% YoY while Mobility surged.
- · Basic EPS for FY26 at ₹42.76 (down from ₹67.03 in FY25); Diluted EPS ₹42.74 (down from ₹66.98).
- · Total Segment Assets as at March 31, 2026: ₹7,491.09 Cr (up from ₹6,571.21 Cr prior year).
- · Capital Employed total FY26: ₹5,988.63 Cr (up 12.92% from ₹5,305.60 Cr prior year).
- · Auditor: S.R. Batliboi & Associates LLP; clean audit opinion with no material uncertainties.
13-05-2026
Exide Industries Limited received intimation on May 13, 2026, that its Registrar and Share Transfer Agent (RTA), CB Management Services Private Limited, has been amalgamated with MUFG Intime India Private Limited effective May 8, 2026, pursuant to an order from the Regional Director (Western Region), Ministry of Corporate Affairs, Mumbai. MUFG Intime India Private Limited will now serve as the new RTA for the company. This is an administrative change with no reported financial impact.
- · Merger effective date: May 8, 2026
- · New RTA address: Rasoi Court, 5th Floor, 20 R. N. Mukherjee Road, Kolkata-700001
- · New RTA contact: Tel. +91 033 6906 6200; Email: investor.helpdesk@in.mpms.mufg.com; Website: www.in.mpms.mufg.com
13-05-2026
Tata Motors Limited approved audited standalone and consolidated financial results for Q4 and FY26 ended March 31, 2026, showing strong operational performance with standalone Q4 revenue up 22% YoY to ₹24,452 Cr, EBITDA margin expanding 130 bps to 13.90%, and PBT (bei) up 58% to ₹2,972 Cr; full year standalone revenue grew 11% to ₹77,399 Cr with EBITDA up 22% and FCF at ₹9,186 Cr (up ₹2,179 Cr). However, standalone FY26 PAT declined 23% to ₹3.4K Cr due to ₹3.7K Cr exceptional items, while consolidated FY26 PAT fell 24% to ₹3.0K Cr impacted by ₹1.4K Cr exceptional items despite revenue of ₹83.9K Cr and net cash of ₹13.7K Cr. The Board recommended a final dividend of ₹4.00 per equity share and fixed June 29, 2026, for the AGM.
- · Auditors issued unmodified opinion on financial results.
- · Standalone net cash for domestic business ₹7.5K Cr as of March 31, 2026.
- · Auto ROCE 72% in FY26 (vs 61% FY25).
- · Domestic & Export volumes up 12% and 54% YoY for FY26.
- · HCV market share 55.0%, ILMCV 39.5%, SCV 26.8%, Passenger 36.4% for FY26.
- · Iveco acquisition approvals underway, expected closure by Q2 FY27.
- · Demerger scheme NCLT approved August 25, 2025; filed October 1, 2025.
- · Board meeting: May 13, 2026, 11:30 a.m. to 3:55 p.m. IST.
13-05-2026
Tata Motors Limited reported robust standalone financials for Q4 FY26 with revenue at ₹24,452 Cr (+22% YoY), EBITDA at ₹3.4K Cr (+35%), and PBT (bei) at ₹2,972 Cr (+58%), alongside FY26 revenue of ₹77,399 Cr (+11% YoY) and EBITDA margin expansion to 13.2% (+120 bps). However, FY26 standalone PAT declined 23% to ₹3.4K Cr due to ₹3.7K Cr exceptional items including Mark-to-Market losses, New Labor Code, and demerger costs, while consolidated FY26 PAT fell 24% to ₹3.0K Cr impacted by ₹1.4K Cr exceptional items. The Board recommended a ₹4 final dividend per ₹2 equity share and fixed June 29, 2026, as the AGM date.
- · Domestic CV VAHAN market share FY26: 35.7% (HCV 55.0%, ILMCV 39.5%, SCV 26.8%, Passenger 36.4%)
- · Iveco acquisition regulatory approvals mostly received; expected closure by Q2 FY27
- · Finance costs Q4 FY26: ₹166 Cr (down from ₹319 Cr Q4 FY25)
- · Auto ROCE FY26: 72% (vs 61% FY25)
- · Auditors issued unmodified opinion on financial results
13-05-2026
Tata Motors Limited reported robust Q4 FY26 standalone financial results with revenue up 22% YoY to ₹24,452 Cr, EBITDA up 35% to ₹3,400 Cr (approx., 13.9% margin +130 bps), and PBT (bei) up 58% to ₹2,972 Cr; full year standalone revenue grew 11% YoY to ₹77,399 Cr with EBITDA +22% to ₹10,200 Cr (13.2% margin) but PAT declined 23% to ₹3,400 Cr due to ₹3,700 Cr exceptional items. Consolidated Q4 revenue rose 19% to ₹26,100 Cr with PAT +35% to ₹1,800 Cr, while FY26 revenue was ₹83,900 Cr but PAT fell 24% due to exceptional items; Board recommended final dividend of ₹4.00 per equity share and fixed AGM on June 29, 2026.
- · CV segment wholesales FY26: 428K units (+14% YoY), domestic volumes +12% YoY, exports +54% YoY
- · Domestic CV VAHAN market share FY26: 35.7% overall (HCV 55.0%, ILMCV 39.5%, SCV 26.8%, Passenger 36.4%)
- · Iveco acquisition: most approvals received, expected closure by Q2 FY27
- · Net cash domestic business: ₹7,500 Cr as of Mar 31, 2026; consolidated net cash ₹13,700 Cr
- · Auto ROCE FY26: 72% (vs 61% FY25)
- · Consolidated FCF FY26: ₹12,400 Cr (vs ₹5,900 Cr FY25)
13-05-2026
Tata Motors Limited reported strong FY26 standalone financials with revenue at ₹77.4K Cr (up 11% YoY), EBITDA margin at 13.2% (up 120 bps), wholesales at 428K units (up 14% YoY), and FCF at ₹9.2K Cr, leading to year-end net cash of ₹7.5K Cr. Consolidated FY26 revenue grew 10% YoY to ₹83.9K Cr with EBITDA margin expansion to 12.3%, but PAT declined to ₹3.0K Cr from ₹4.0K Cr YoY amid mixed quarterly performance including a Q2 loss. The company launched 17 next-gen trucks, secured major orders including 70,000 vehicles for Indonesia and over 5,000 buses, while market share in HCV slipped slightly to 35.7% and H1 volumes were muted due to external factors.
- · Board recommended final dividend of ₹4 per share (200% of face value), subject to shareholder approval.
- · Proposed Iveco acquisition approvals mostly received, expected closure by Q2 FY27.
- · Cash conversion cycle improved slightly to (31) days in FY26.
- · FY26 investment spending ~₹3K Cr (within 2-4% of revenue guidance).
- · VAHAN HCV market share 35.7% in FY26 (down from 37.1% FY25); ILMCV 39.5% (flat).
- · Golden Peacock Award for Pantnagar Plant for Quality; multiple Apollo CV Awards.
13-05-2026
Tata Motors Limited (formerly TML Commercial Vehicles Limited) announced changes in Key Managerial Personnel (KMP) and Senior Management Personnel (SMP) at its Board meeting on May 13, 2026. Mr. Sudipto Kumar Das resigned as Company Secretary & Compliance Officer (KMP) effective June 1, 2026, for a transition within the group, with Mr. Ranjan Kumar appointed to the role on the same date; similarly, Mr. Sitaram Kandi resigned as Chief Human Resources Officer (CHRO) and SMP effective close of business on May 28, 2026, with Mr. DP Nambiar appointed effective May 29, 2026. The changes were approved based on Nomination and Remuneration Committee recommendations, with relevant details, resignation letters, and appointee profiles disclosed.
- · Board meeting commenced at 11:30 a.m. IST and concluded at 3:55 p.m. IST on May 13, 2026.
- · Company CIN: L29102MH2024PLC427506.
- · Resignations due to transitions within Tata Group.
- · Ranjan Kumar has over 25 years experience in legal, secretarial, ethics; previously at SKF India.
- · DP Nambiar has 30 years at TCS in various HR leadership roles across geographies.
13-05-2026
Maruti Suzuki India Limited announced a schedule of investor meetings to be held on May 18 and 19, 2026, pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meetings are with investor groups and disclosed to NSE and BSE. Dates are subject to change due to exigencies on the part of investors or the company.
- · Filing disclosed to Department of Corporate Services, NSE and BSE Limited.
- · Company CIN: L34103DL1981PLC011375.
- · Registered office: 1, Nelson Mandela Road, Vasant Kunj, New Delhi - 110070.
13-05-2026
Tube Investments of India Limited informed NSE and BSE that the audio recording of their conference group call with analysts and investors, held on May 13, 2026, at 4:30 P.M. IST, has been hosted on the company's website (www.tiindia.com/financial-information/) in compliance with SEBI LODR Regulations 30 & 46. This follows an earlier intimation dated May 6, 2026. No financial results or performance metrics were disclosed in the filing.
- · ISIN: INE974X01010
- · Scrip Symbol: TIINDIA
- · Security Code: 540762
- · CIN: L35100TN2008PLC069496
13-05-2026
Tata Motors Limited's Board of Directors, at its meeting on May 13, 2026, approved the adoption of the 'Tata Motors Limited Share-based Long Term Incentive Scheme 2026', involving the grant of up to 50,00,000 Performance Share Units (PSUs) to eligible employees, equivalent to 50,00,000 equity shares of ₹2 each. The scheme may result in a maximum dilution of ~0.14% of the total issued share capital and is subject to shareholder approval at the ensuing Annual General Meeting. No PSUs have vested or been exercised yet, with vesting terms per the scheme and compliance with SEBI regulations.
- · Exercise Price: ₹2 per PSU (face value of underlying equity share)
- · Exercise Period: commences on vesting date and expires 12 months thereafter
- · Board Meeting: commenced 11:30 a.m. IST, concluded 3:55 p.m. IST on May 13, 2026
- · Scheme administered directly by the Company, no trust involved
13-05-2026
TVS Motor Company Limited's Board approved audited standalone financial results for FY26 ended March 31, 2026, reporting revenue from operations of ₹47,270.32 Cr, up 30.4% YoY from ₹36,251.32 Cr, with sales volumes rising 24.1% to 58,88,828 units and PAT increasing 37.2% to ₹3,615.22 Cr from ₹2,633.89 Cr. Q4 FY26 revenue grew 34.1% YoY to ₹12,807.63 Cr. The Board also appointed Mr. Ravindran Shanmugam as Additional Non-Executive Independent Director for 5 years effective May 13, 2026, subject to shareholder approval.
- · Statutory Auditors issued unmodified opinion on standalone financial results.
- · Exceptional items loss of ₹41.37 Cr in Q3 FY26.
- · Board meeting held on May 13, 2026, from 10:45 AM to 1:05 PM IST.
- · Appointment of Mr. Ravindran Shanmugam subject to shareholder approval via postal ballot.
13-05-2026
TVS Motor Company Limited's Board approved the audited standalone and consolidated financial results for FY26 ended March 31, 2026, showing robust YoY growth with revenue from operations up 30.5% to ₹47,270.32 Cr and PAT up 37.3% to ₹3,615.22 Cr from continuing operations. Sales volumes increased 24.1% YoY to 58,88,828 units, though an exceptional loss of ₹41.37 Cr was recorded and other income remained negative at ₹(29.97) Cr. Additionally, the Board appointed Mr. Ravindran Shanmugam as Additional Non-Executive Independent Director for 5 years effective May 13, 2026, subject to shareholder approval.
- · Statutory Auditors issued unmodified opinion on standalone and consolidated financials.
- · EPS basic & diluted from continuing operations FY26: ₹76.09 (FY25: ₹54.81).
- · Q4 FY26 QoQ revenue growth 2.7% from ₹12,476.26 Cr in Q3 FY25.
- · Board meeting held on May 13, 2026, from 10:45 AM to 1:05 PM IST.
13-05-2026
TVS Motor Company Limited's Board approved the appointment of Mr. Ravindran Shanmugam (DIN: 11700880) as an Additional Director and Non-Executive Independent Director for five consecutive years, effective May 13, 2026, subject to shareholder approval via postal ballot. Mr. Shanmugam, aged 36 with a degree from Oxford, is Co-founder and Executive Chairman of Mablle (AI-enabled interior design platform) and has prior leadership at Livspace Southeast Asia, Grab, and McKinsey & Company, bringing expertise in AI, digital transformation, and strategy. He is not related to any existing directors and not debarred by SEBI.
- · DIN: 11700880
- · Board meeting held on May 13, 2026, from 10:45 AM to 1:05 PM IST
- · CIN: L35921TN1992PLC022845
- · Scrip codes: 532343 (TVSMOTOR), 717506 (NCRPS), TVSMNCRPS
13-05-2026
TVS Motor Company achieved record FY 2025-26 revenue of Rs. 47,270 Crores, up 30% YoY from Rs. 36,251 Crores, with total two- and three-wheeler sales growing 24% to 58.89 Lakh units. Operating PBT rose 40% to Rs. 4,975 Crores from Rs. 3,563 Crores, and Operating EBITDA margin improved 60 bps to 12.9%; Q4 revenue hit a peak of Rs. 12,808 Crores (36% normalized YoY growth) with EBITDA margin at 13.1% versus normalized 12.5%. All segments expanded, led by three-wheelers (+63%), scooters (+27%), and EVs (+33% FY, +51% Q4), with no reported declines.
- · Interim dividend of Rs. 12 per equity share (1200%) declared on March 24, 2026.
- · Allotted 4 fully paid bonus NCRPS (face value Rs. 10 each) amounting to Rs. 1,900 Crores, maturing September 01, 2026.
- · Q4 FY 2024-25 included full-year PLI benefit, leading to normalized figures for comparability.
13-05-2026
The Board of Directors of TVS Motor Company Limited met on May 13, 2026, and approved a proposal to seek shareholder consent through Postal Ballot for appointing Mr. Ravindran Shanmugam (DIN: 11700880) as a Non-Executive Independent Director for five consecutive years, effective May 13, 2026. This is in terms of Section 110 of the Companies Act, 2013, and the company will send the Postal Ballot Notice to stock exchanges per Regulation 30 of SEBI LODR. No financial impacts or performance metrics were disclosed.
- · Scrip codes: 532343 (TVSMOTOR), TVSMOTOR NCRPS, 717506, TVSMNCRPS
- · CIN: L35921TN1992PLC022845
- · Website: www.tvsmotor.com
- · Email: contactus@tvsmotor.com
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