Q2 FY27 profit rises 52%; consumer finance separation approved
TVSMOTOR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.0 pts more than Nifty 100 and 1.9 pts more than its 2/3 Wheelers peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Q2 FY27 sales rose 27% to 1.9 million units. Revenue rose 44% to INR17,103 crore, operating profit before depreciation rose 47% to INR2,219 crore and profit after tax rose 52% to INR1,377 crore. The board approved separating consumer finance into a listed company, with one new share per TVS Motor share. Completion may take 8 to 10 months, subject to approvals. Margins should grow, with scooter mix at 45% next year and 50% in two years.
Profit growth supports the stock. Finance business separation may unlock value, but approval delays, slower demand and Norton losses are risks.