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TVS Holdings Q2 Results: Net profit surges 43% to ₹635 crore as revenue crosses ₹20,000 crore - Published OnOct 28, 2026 | 17:35 IST - Last Updated OnOct 28, 2026 | 17:35 IST TVS Holdings posted a substantial jump in September quarter net profit and revenue, fueled by robust demand for its automotive components, even as operating margins saw a slight compression. Discover how rising input costs are impacting future profitability projections. Chennai-based TVS Holdings Ltd on Wednesday (October 28) reported a 43.3% year-on-year increase in net profit to ₹635 crore for the September quarter, compared with ₹443 crore in the year-ago period. Revenue rose 38.7% to ₹20,183 crore from ₹14,549 crore a year earlier. Earnings before interest, tax, depreciation and amortisation (EBITDA) increased 34.5% to ₹3,058 crore from ₹2,273 crore. The EBITDA margin stood at 15.2% in the September quarter, compared with 15.6% in the corresponding quarter last year. The results come amid an ongoing dispute within the TVS family over the division of its wealth, with family members filing caveats against one another in two Chennai courts in anticipation of possible litigation. Venu Srinivasan, chairman emeritus of TVS Motor Company, his wife Mallika Srinivasan and their children Lakshmi Venu and Sudarshan Venu have filed caveats against one another in 2 Chennai courts, according to court records reviewed by CNBC-TV18. Mallika Srinivasan and Lakshmi Venu have reiterated their desire for an amicable resolution through transparent discussions and dialogue. The filings show both sides are preparing for possible litigation in the ongoing dispute over the division of the family’s wealth. ALSO READ | TVS Venu Group eyes stake in Jana Small Finance Bank through preferential route: Exclusive 8 caveats were filed on October 12 and 13, 4 each in the City Civil Court and the Commercial Court in Chennai. They split the family into 2 camps. Caveats filed by Venu Srinivasan and Sudarshan Venu name Lakshmi Venu, while those filed by Mallika Srinivasan and Lakshmi Venu name Venu Srinivasan. In the City Civil Court, Venu Srinivasan filed his caveat on October 12 along with VS Trust, represented by him as trustee. It names Lakshmi Venu and Mallika Srinivasan. Mallika Srinivasan filed hers about 2.5 hours later, naming Venu Srinivasan, Sudarshan Venu and VS Trust. Lakshmi Venu filed a caveat naming Venu Srinivasan, and Sudarshan Venu filed one naming Lakshmi Venu, both on October 13. In the Commercial Court, all 4 family members filed caveats on October 12. Venu Srinivasan and Sudarshan Venu’s caveats name Lakshmi Venu. Mallika Srinivasan and Lakshmi Venu’s caveats name Venu Srinivasan. ALSO READ | TVS Holdings arm Home Credit India to acquire Varthana Finance for ₹967 crore The City Civil Court caveats were filed in anticipation of original suits, which are civil suits. The Commercial Court filings suggest both sides also expect disputes that fall under commercial law. A caveat is a defensive filing under Section 148A of the Code of Civil Procedure. It is filed by a party that expects to be sued, and requires the court to hear that party before passing any order on an application against it. A caveat is valid for 90 days. There is no public record so far of a suit being filed by either side. TVS Holdings, formerly Sundaram Clayton Ltd (SCL), is an auto components manufacturer based in Chennai and part of the TVS Group. It makes aluminium and magnesium castings for the automotive industry. Sundaram Clayton Ltd was the flagship company of the TVS Group before being overtaken by its subsidiary, TVS Motor Company. Shares of TVS Holdings Ltd ended at ₹11,770.00, up by ₹294.55, or 2.57%, on the BSE.
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