Revenue from operations climbed 34.5% YoY to Rs 15,275.63 crore, up from Rs 11,359.16 crore a year earlier. Sequentially, revenue grew 5% over Rs 14,549.15 crore in Q2 FY26.

Profit before tax stood at Rs 1,414.10 crore in Q3 FY26, up 38.5% versus Q3 FY25 and higher by 10.3% compared with Q2 FY26.

Total expenditure increased 33.8% YoY to Rs 13,824.10 crore in Q3 FY26. Cost of materials consumed and cost of services rose 30.9% YoY to Rs 8,406.73 crore. Employee benefit expenses increased 33.3% YoY to Rs 1,205.88 crore. Finance costs climbed 18% YoY to Rs 650.83 crore.

TVS Holdings (formerly Sundaram-Clayton) is a registered Core Investment Company ('CIC').