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TVS Motor Company Q3 PAT Grows 16.3% to Rs 154.35 Crore

During the third quarter, under review, TVS Motor Company’s revenue grew by 23.5 per cent.

Indian two-wheeler manufacturer TVS Motor Company has reported Profit After Tax (PAT) growth of 16.3 per cent to Rs 154.35 crore in the third quarter ended December 2017 from Rs 132.67 crore in the corresponding period last year.

During the quarter, under review, the company’s revenue grew by 23.5 per cent.

The overall two-wheeler sales, including exports, grew by 13.8 per cent to 7.99 lakh units in the quarter ended December 2017 from 7.03 lakh units in the quarter ended December 2016.

Motorcycles sales grew by 26.7 per cent to 3.14 lakh units in the quarter ended December 2017 from 2.48 lakh units registered in the third quarter of 2016-17.

Scooter sales increased to 2.69 lakh units in the third quarter of 2017-18 from 2.21 lakh units in the third quarter of 2016-17 registering a growth of 21.6 per cent.

TVS Motor Company exported 1.40 lakh units of two and three wheelers in the quarter under review as against 0.99 lakh units in the third quarter of 2016-17 registering a growth of 42.4 per cent.

TVS three wheeler sales registered a growth of 67.7 per cent to 26,968 units in the quarter under review as against 16,081 units in the third quarter of 2016-17.

Cumulative Nine Months Results:

In the nine months ended December 2017, Profit After Tax (PAT) grew by 15.2 per cent to Rs 496.98 crore as against Rs 431.31 crore registered in the nine months ended December 2016.




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