The operating EBITDA (earnings before interest, tax, depreciation and amortisation) stood at Rs. 1,509 crore, a growth of 40 per cent for the quarter ended September 2025 as against EBITDA of Rs. 1,080 crores in second-quarter of 2024-25. The operating EBITDA margin improved by 100 basis points at 12.7 per cent as against 11.7 percent in the quarter ended September 2024, according to a release from the company.
Profit before tax (PBT) grew by 37 per cent to Rs. 1,226 crore for the second-quarter of 2025-26, up from Rs. 897 crore in second-quarter of 2024-25. PBT for the quarter includes fair valuation loss on investments held by the company amounting to Rs. 31 crore as against fair valuation gain of Rs. 23 crore during Q2 of last year.
The overall two- and three-wheeler sales, including international business, grew by 23 per cent, registering highest ever quarterly sales of 15.07 lakh units in the quarter ended September 2025 as against 12.28 lakh units in the quarter ended September 2024. Motorcycle sales grew by 20 per cent, registering 6.73 lakh units in the quarter ended September 2025 as against 5.61 lakh units in the quarter ended September 2024. Scooter sales for the quarter ended September 2025 grew by 30 per cent, registering 6.39 lakh units as against the sales of 4.90 lakh units in the second-quarter of 2024-25. The two-wheeler sales in international business grew by 31 per cent at 3.63 lakh units in the quarter ended September 2025 as against 2.78 lakh units in the quarter ended September 2024. Total three-wheeler sales for the quarter under review grew by 41 per cent at 0.53 lakh units as against 0.38 lakh units during second-quarter of 2024-25.
During the quarter under review, the EV (electric vehicle) sales grew by 7 per cent, achieving the highest-ever quarterly sales of 0.80 lakh units in the quarter ended September 2025 as against 0.75 lakh units during the quarter ended September 2024. Magnet availability continues to pose challenges in the short-to-medium term.
