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Bajaj Auto vs TVS Motor Q4 FY26

Side-by-side earnings comparison across verified financials, sentiment, risks, and management commentary.

Bajaj Auto

Bajaj Auto delivered a record Q4 with revenue of ₹16,060 crore (+32% YoY), EBITDA of ₹3,323 crore (+36% YoY), and PAT of ₹2,746 crore (+34% YoY).

TVS Motor

TVS Motor delivered a record Q4 FY26 with revenue of ₹12,880 crore (+36% YoY) and EBITDA margin of 13.1% (+60bps YoY), driven by strong volume growth across segments.

Result Snapshot

Revenue₹17,832 Cr₹15,053 Cr
PAT₹3,492 Cr₹820 Cr
EBITDA Margin17%14%
Sentimentbullishbullish

Key Quotes

We are looking at moving the exports needle to 220,000 units per month this quarter up from the 200,000 levels and this despite the loss of business in the Gulf region.
Rakesh Sharma · Joint Managing Director
We are confident that Q1 and we will force a very good growth better than the industry.
K. N. Radhakrishnan · Director & CEO