TVS Srichakra Limited reported a consolidated net profit of ₹71.06 crore for the financial year ended March 31, 2026, a significant increase from ₹20.52 crore in the previous year. Revenue from operations for the year grew to ₹3,643.35 crore, compared to ₹3,253.83 crore in FY25. The Board of Directors recommended a final dividend of ₹37.80 per equity share of ₹10 each, amounting to 378% of the face value, subject to shareholder approval at the Annual General Meeting.

FY26 Financial Performance

The company's standalone net profit for the year stood at ₹82.71 crore, rising from ₹36.96 crore in the prior year. Standalone revenue from operations increased to ₹3,389.66 crore from ₹3,022.90 crore. The statutory auditors, PKF Sridhar & Santhanam LLP, expressed an unmodified opinion on the standalone and consolidated financial results.

Quarterly Highlights and Exceptional Items

For the quarter ended March 31, 2026, consolidated revenue reached ₹980.94 crore, while net profit stood at ₹36.09 crore. The financial results included exceptional items, such as an incremental obligation of ₹11.09 crore recognized as past-service cost due to the first-time application of new Labour Codes. Additionally, the company recognized grant income of ₹18.81 crore from the State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT) and incurred ₹5.36 crore towards a Voluntary Retirement Scheme during the year.

Dividend Declaration

The Board of Directors recommended a final dividend of ₹37.80 per equity share of ₹10 each for the financial year 2025-26. The dividend will be paid within 30 days from the date of shareholders' approval at the Annual General Meeting. The company's business activity falls within a single reportable segment, Automotive Tyres, Tubes and Flaps.

TVS Srichakra Limited has approved a capital investment of up to ₹220 crore to expand production capacity at its manufacturing units located in Vellaripatti, Madurai. The decision, taken by the Board of Directors on May 27, 2026, aims to address growing demand for the company's 2/3-wheeler and off-highway tyres. The expansion project will be financed through a combination of internal accruals and debt.

The investment is divided equally between the two-wheeler (2W) plant and the off-highway tyre plant, with an allocation of up to ₹110 crore for each facility. The 2W plant currently operates at a capacity utilization of about 80-85%, producing approximately 210 to 235 lakh tyres per annum. The proposed expansion will add about 5% to this capacity, targeted for completion in the first half of FY 2028-29.

The off-highway tyre plant, which currently produces approximately 75 to 85 metric tons per annum at a utilization rate of about 75 to 80%, will see a larger relative increase. The company plans to add about 25% to this capacity, with the new capacity expected to come online in the first half of FY 2027-28.

The following table outlines the details of the proposed capital investment and capacity expansion:

The disclosure was made to the National Stock Exchange of India Ltd. and BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. Chinmoy Patnaik, Company Secretary & Compliance Officer, signed the filing on behalf of TVS Srichakra Limited.