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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
TVS Motor Company Ltd

TVS Motor: Q2 FY27 standalone PAT up 52.39% to Rs. 1,377.15 Crores; approves Scheme of Arrangement and STPL acquisition

RESULTS ▲ Positive Development MEDIUM RISK
📅 Filed on BSE: 28 Oct 2026, 03:04 PM IST  ·  BSE ID: f87cdde2-6ca2-41ae-9e38-ce1ab8dd8a7a
View Original BSE Filing (PDF)
💡
In Simple Terms
The company reported higher profits, approved a restructuring plan, and is buying another company for Rs. 530.08 Crores.
🤖 AI Summary
  • TVS Motor Company reported Q2 FY27 standalone net profit of Rs. 1,377.15 Crores, up 52.39% YoY.
  • Board approved a Composite Scheme of Arrangement for amalgamation of TVS Motor Services and demerger of an undertaking.
  • Acquisition of entire stake in STPL Trading and Services Private Limited approved for Rs. 530.08 Crores.
  • Sales in numbers for the quarter ended 30th September 2026 reached 19,19,005 units.
  • Unaudited standalone and consolidated financial results for Q2 FY27 were considered and approved by the Board.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Standalone Profit After Tax (Q2 FY27)
Rs. 1,377.15 Crores
52.39%
Standalone Revenue from Operations (Q2 FY27)
Rs. 17,103.41 Crores
43.66%
STPL Trading and Services Private Limited Acquisition Value
Rs. 530.08 Crores
Sales in Numbers (Q2 FY27)
19,19,005
27.35%
🏢 How This Affects the Company
📈
Business Impact
The approved Composite Scheme of Arrangement restructures certain wholly-owned subsidiaries, potentially optimizing their operational focus and legal structure. The acquisition of STPL Trading and Services Private Limited for Rs. 530.08 Crores will add a new wholly-owned subsidiary.
💰
Financial Impact
Unaudited standalone net profit increased to Rs. 1,377.15 Crores for Q2 FY27. The acquisition of STPL for Rs. 530.08 Crores represents a cash outflow and adds an asset to the company's balance sheet.
⚙️
Operational Impact
The Scheme of Arrangement involves amalgamation and demerger activities, which will streamline the corporate structure of TVS Motor Services Limited and Harita ARC Limited. The integration of STPL Trading and Services Private Limited will expand the company's operational footprint.
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Risk Impact
The Composite Scheme of Arrangement is subject to multiple statutory, regulatory, and customary approvals, including from stock exchanges and NCLT, introducing execution risk until completion. The acquisition of STPL also carries integration risks inherent in M&A activities.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this filing.
👤
Who Is Affected
Shareholders will be affected by the Composite Scheme of Arrangement as the Resulting Company will issue its shares to existing shareholders in proportion to their shareholding in TVS Motor Company Limited, upon regulatory approvals.
🔍
Management Signal
Management is signaling a strategic intent to streamline corporate structure through amalgamation and demerger, and to expand business operations via the Rs. 530.08 Cr acquisition of STPL Trading and Services Private Limited.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Receive statutory and regulatory approvals for the Composite Scheme of Arrangement.
Monitor progress and completion of the acquisition of STPL Trading and Services Private Limited.
Review Q3 FY27 financial results for continued growth in revenue and profit.
MEDIUM RISK Multiple regulatory approvals are required for the Scheme of Arrangement and the EPR costs are not yet estimable.
💡 Investor Takeaway
TVS Motor Company reported a Q2 FY27 standalone net profit of Rs. 1,377.15 Crores, a 52.39% increase from Rs. 903.64 Crores in Q2 FY26. The Board approved a Composite Scheme of Arrangement and the acquisition of STPL Trading and Services Private Limited for Rs. 530.08 Crores.
⚖️ Strengths & Concerns

✅ Positives

  • Standalone Profit After Tax for Q2 FY27 increased to Rs. 1,377.15 Crores, a 52.39% growth compared to Q2 FY26.
  • Revenue from Operations for Q2 FY27 reached Rs. 17,103.41 Crores, up from Rs. 11,905.43 Crores in Q2 FY26.

⚠️ Concerns

  • The cost of meeting obligations under the Environment Protection (End-of-Life Vehicles) Rules, 2025 cannot be reliably estimated as of 30th September 2026 due to pending framework and pricing mechanisms.
  • The Composite Scheme of Arrangement is subject to various statutory and regulatory approvals, which could delay or prevent its completion.
📅 Company Track Record
TVS Motor Company previously reported Q1 FY27 revenue up 38% to Rs. 13,896 Crores and PAT up 51% to Rs. 1,174 Crores. The company also raised Rs. 1,000 Cr debt in Q1 FY27.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What was TVS Motor Company's standalone net profit for Q2 FY27?
TVS Motor Company reported a standalone net profit of Rs. 1,377.15 Crores for the quarter ended 30th September 2026.
What was the year-on-year growth in standalone net profit for TVS Motor Company in Q2 FY27?
The standalone net profit of Rs. 1,377.15 Crores in Q2 FY27 represents a 52.39% increase compared to Rs. 903.64 Crores in Q2 FY26.
What is the value of TVS Motor Company's acquisition of STPL Trading and Services Private Limited?
TVS Motor Company has approved the acquisition of the entire stake of STPL Trading and Services Private Limited for a sum of Rs. 530.08 Crores.
What is the Composite Scheme of Arrangement approved by TVS Motor Company's Board?
The Composite Scheme of Arrangement provides for the amalgamation of TVS Motor Services Limited with TVS Motor Company Limited and the demerger of a Demerged Undertaking from TVS Motor Company Limited into Harita ARC Limited.
What were TVS Motor Company's sales in numbers for Q2 FY27?
Sales in numbers for TVS Motor Company for the quarter ended 30th September 2026 were 19,19,005 units.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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