TVS Motor Approves Demerger Of Consumer Finance Business For Separate Listing

Record Sales Fuel Growth PAT at Rs 1,195 Cr in Q2 FY27, +50.2% YoY. Revenue at Rs 19,474 Cr in Q2 FY27, +38.6% YoY. EBITDA at Rs 2,819 Cr, +34.5% YoY. EBITDA margin at 14.5% vs 14.9%; other expenses grew 20.9% vs revenue growth of 38.6%. Automotive segment drove growth at +42.7% YoY while Financial grew +16.9% YoY. Board approved composite scheme to demerge consumer finance undertaking into separate listed entity with 1:1 share issue and merge TVS Motor Services; approved Rs530 Cr acquisition of STPL adding ~2.4% in TVS Credit. Completed Rs1,900 Cr NCRPS redemption and raised Rs1,500 Cr via NCDs.