Tunwal E-Motors FY26 Revenue Jumps 55% to Rs 276.84 Crore; PAT Rises 57%

Tunwal E-Motors Ltd reported a 55% year-on-year increase in revenue from operations for FY2025-26, driven by an expanding dealer network, deeper penetration in smaller cities and growing demand for electric mobility solutions.

The NSE-listed electric mobility company posted revenue from operations of Rs 276.84 crore in FY26, compared with Rs 178.59 crore in FY25.

Profit before tax (PBT) stood at Rs 17.02 crore during the year, while profit after tax (PAT) rose 57.4% to Rs 12.73 crore from Rs 8.09 crore in the previous financial year. Earnings per share (EPS) increased to Rs 2.21 from Rs 1.40 a year earlier, reflecting growth of nearly 58%.

The company's consolidated net worth strengthened to Rs 125.74 crore as of March 31, 2026.

Tunwal attributed the performance to continued expansion of its dealer network, increased market penetration across Tier II and Tier III cities, particularly in eastern India, and investments in financing accessibility, after-sales service and customer support infrastructure.

"FY2025-26 has been a significant year for Tunwal, marked by strong business growth and continued progress in strengthening our operational capabilities," said Jhumarmal Tunwal.

"While the EV industry continues to evolve rapidly, our focus remains on building a scalable and customer-centric ecosystem that supports wider electric vehicle adoption across India. We remain committed to expanding our reach, enhancing customer experience, and investing in innovation that creates long-term value for all stakeholders," he added.

The company said India's electric mobility sector continued to gain momentum during FY26, supported by rising consumer awareness, government policy support, higher fuel prices and growing acceptance of sustainable transportation solutions.

According to industry estimates cited by the company, the electric two-wheeler segment grew by around 22% during the year. Tunwal's 55% revenue growth outpaced the broader market, reflecting increasing brand acceptance and strengthening distribution capabilities amid a competitive environment marked by subsidy transitions and pricing pressures.

Founded in 2018 and headquartered in Pune, Tunwal E-Motors manufactures electric two-wheelers and three-wheelers targeted at students, daily commuters and small business owners. The company focuses on providing affordable electric mobility solutions with low operating and maintenance costs.