**TVS MOTOR ACHIEVES RECORD Q3 RESULTS AMIDST ACCELERATING EV PUSH** TVS Motor Company has delivered its highest-ever quarterly performance, capping the calendar year 2025 with stellar financial results for the third quarter of Fiscal Year 2026. The two and three-wheeler major continues to strengthen its domestic and international footprint, successfully capitalizing on robust consumer demand and its strategic focus on premiumization. *** **FINANCIAL POWERHOUSE PERFORMANCE** The company's consolidated net profit for the quarter ended December 31, 2025, surged by **49%** year-on-year (YoY). This translated into a profit after tax (PAT) of **₹841 crore**, sharply higher than **₹566 crore** reported in the corresponding period of the previous fiscal year. Revenue from operations followed suit, climbing **34%** to an all-time high of **₹14,756 crore**, up from **₹11,034 crore** YoY. This marks a continuation of double-digit revenue growth momentum. Operational efficiency saw significant improvement, with the Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) margin expanding to a record high of **15.39%**. This margin expansion reflects effective cost management and a favorable product mix leaning towards higher-margin vehicles. *** **SALES VOLUME BREAKDOWN** TVS Motor achieved its highest ever quarterly sales volume. Overall two-wheeler and three-wheeler sales, including international business, grew **27%** to a record **15.44 lakh units** in the December quarter. This volume growth was instrumental in driving the topline. The motorcycle segment was a primary growth driver, registering a **31%** increase in sales volume, reaching **7.26 lakh units**. Scooter sales were also robust, rising **25%** to **6.14 lakh units**, underscoring strong urban and semi-urban recovery. International two-wheeler sales also saw significant expansion, growing **35%** YoY. Furthermore, the three-wheeler segment experienced substantial growth, more than doubling its volume with a **106%** surge to **0.60 lakh units**. *** **ELECTRIC VEHICLE MARKET LEADERSHIP** The company cemented its position as a key leader in India’s electric mobility transition. Electric vehicle sales saw a substantial jump of **40%** in Q3 FY26, hitting a record **1.06 lakh units** for the quarter. This performance comes amidst a broader slowdown in the pure electric two-wheeler segment, which grew only marginally at **4.4%** in 2025 to **1.28 million** units industry-wide. TVS Motor remains the market leader in the electric space, posting over **300,000** unit sales in the calendar year, indicating significant share capture and consumer acceptance of its flagship EV model. The electric vehicle market remains supported by evolving government schemes like EMPS, which aim to sustain momentum despite reduced subsidies compared to previous policies. The industry overall is poised for strong long-term growth, with forecasts suggesting the Indian EV market could reach **4.0 million** units by 2026. *** **STOCK PERFORMANCE AND VALUATION** Following the results announcement on January 28, 2026, the company's stock exhibited strong movement, closing at approximately **₹3,733.65**, registering a daily gain of **4.72%**. Over the past year, TVS Motor has delivered stellar returns of nearly **60%**, significantly outpacing the benchmark indices. The market capitalization now stands close to **₹1,77,381 crore**. This robust investor confidence reflects the market's positive outlook on the company’s ability to deliver sustained earnings growth and successfully navigate the strategic shift towards electric mobility and premium product lines.