TVS Srichakra Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
TVSSRICHAK · price
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Awaiting price reaction for this filing.
TVS Srichakra, a two-wheeler and off-road tyre maker, reported Q1 FY26 standalone revenue of Rs. 761.74 crore, up about 3% from Rs. 738.92 crore in Q1 FY25. Standalone profit after tax jumped to Rs. 18.12 crore from Rs. 11.26 crore, a 61% rise, while EPS climbed to Rs. 23.66 from Rs. 14.70. However, the bulk of this profit boost came from a one-time exceptional gain of Rs. 17.56 crore, which includes Rs. 18.81 crore of government grant income from Tamil Nadu's SIPCOT scheme, partly offset by Rs. 1.25 crore of voluntary retirement costs. Stripping out the exceptional item, pre-tax profit actually fell to Rs. 6.74 crore from Rs. 16.08 crore a year ago, showing underlying margin pressure. Consolidated revenue was Rs. 819.41 crore and consolidated PAT was Rs. 12.83 crore, with the US subsidiary Super Grip Corporation still loss-making.
Headline earnings look strong, but investors should note the profit jump is largely driven by a non-recurring government grant; core operating profitability has weakened year-on-year. The stock may see short-term optimism on the PAT growth, but margin compression in the base business is a concern.