Mumbai, Jan. 31 -- The company's PAT was reported after adjusting for a one-time exceptional impact arising from the reassessment of employee benefit obligations, following the revised definition of wages under the new Labour Codes notified in November 2025.

The company's revenue growth was driven by record quarterly volumes and a richer product mix, underpinned by double-digit growth across all businesses-domestic motorcycles, electric two-wheelers, three-wheelers and exports. This performance was supported by buoyant festive demand and GST-led momentum in the domestic market, alongside a sustained resurgence in exports.

Profit before tax was at Rs 3,326.64 crore in Q3 FY26, registering a growth of 18.74% from Rs 2,801.45 crore posted ...