Also trades as: TVSSCS.NS (NSE) · $vol 2M

₹127.50 ($1.32)

-0.85 (-0.66%)

BSE · Industrials · Integrated Freight & Logistics · Tech Score Buy · Power 52 · ₹57.0B mcap · 149M float · 0.049% daily turnover

Revenue

$110.0B +10.1% ▲

5Y CAGR: +9.7%

Gross Profit

$13.2B +47.5% ▲

5Y CAGR: -17.4%

Operating Income

$2.5B +66.2% ▲

5Y CAGR: +36.7%

Net Income

$1.1B +940.9% ▲

EPS (Diluted)

$2.59 +935.5% ▲

EBITDA

$9.0B +22.9% ▲

5Y CAGR: +13.4%

View Full Income Statement

Line Item	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$92.5B	$99.7B	$92.0B	$100.0B	$110.0B
YoY Growth	+33.5%	+7.8%	-7.8%	+8.7%	+10.1%
Cost of Revenue	$39.4B	$92.0B	$84.4B	$89.2B	$96.8B
Gross Profit	$53.1B	$7.8B	$7.6B	$9.0B	$13.2B
Gross Margin	57.4%	7.8%	8.3%	9.0%	12.0%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$1.5B	$1.5B	$1.6B	$1.7B	$10.7B
Operating Expenses	$5.4B	$5.4B	$6.4B	$9.3B	$10.7B
Operating Income	$2.5B	$2.4B	$1.9B	$1.5B	$2.5B
Operating Margin	2.7%	2.4%	2.0%	1.5%	2.3%
Interest Expense	$1.6B	$1.9B	$2.1B	$1.6B	$1.6B
Income Before Tax	$135M	$460M	-$361M	$294M	$1.7B
Tax Expense	$584M	-$17M	$216M	$390M	$515M
Net Income	-$491M	$398M	-$1.0B	-$136M	$1.1B
Net Margin	-0.5%	0.4%	-1.1%	-0.1%	1.0%
EPS (Diluted)	$-1.12	$0.91	$-2.40	$-0.31	$2.59
EBITDA	$6.1B	$7.2B	$7.0B	$7.3B	$9.0B
Shares Outstanding	437M	437M	422M	440M	441M

Line Item	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2	FY2026 Q3	FY2026 Q4
Revenue	$25.4B	$25.1B	$24.4B	$25.0B	$25.9B	$26.6B	$27.2B	$30.3B
Cost of Revenue	$22.8B	$22.6B	$21.8B	$22.0B	$22.9B	$23.2B	$23.9B	$26.7B
Gross Profit	$2.6B	$2.5B	$2.7B	$3.0B	$3.0B	$3.4B	$3.2B	$3.6B
Gross Margin	10.3%	10.0%	10.9%	11.9%	11.5%	12.7%	11.8%	12.0%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$2.1B	$0	$2.6B	$2.6B	$2.4B	$2.8B	$2.6B	$2.8B
Operating Expenses	$2.1B	$2.3B	$2.6B	$163M	$2.4B	$2.8B	$2.6B	$2.8B
Operating Income	$481M	$212M	$96M	$372M	$564M	$560M	$586M	$833M
Operating Margin	1.9%	0.8%	0.4%	1.5%	2.2%	2.1%	2.2%	2.7%
Interest Expense	$395M	$407M	$395M	$371M	$379M	$334M	$417M	$449M
Income Before Tax	$138M	$178M	-$152M	$130M	$1.0B	$233M	$160M	$257M
Tax Expense	$63M	$72M	$86M	$169M	$323M	$70M	$48M	$74M
Net Income	$65M	$93M	-$246M	-$48M	$704M	$156M	$107M	$176M
Net Margin	0.3%	0.4%	-1.0%	-0.2%	2.7%	0.6%	0.4%	0.6%
EPS (Diluted)	$0.15	$0.21	$-0.56	$-0.11	$1.59	$0.35	$0.24	$0.40
EBITDA	$1.9B	$585M	$1.6B	$1.8B	$1.4B	$3.2B	$577M	$2.4B
Shares Outstanding	433M	444M	440M	440M	443M	447M	447M	439M

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