TVS Motor Q2 sales up 18%, profit up 20%

Two- and three-wheeler manufacturer TVS Motor Company reported a revenue growth of 18.2% for the quarter ended September 2017, while net profit jumped 20%.

Revenue excluding duties grew to Rs. 4097.99 crores in the quarter ended September 2017 from Rs. 3465.69 crores last year.

Profit After Tax (PAT) increased by 20.2% to Rs.213.16 crores in the quarter under review from Rs.177.39 crores in the corresponding period last year.

Profit Before Tax (PBT) registered a growth of 26.8% to Rs. 296.79 crores in the second quarter of 2017-18 from Rs. 234.04 crores last year.

During the quarter ended September 2017, the overall two-wheeler sales of the Company including exports grew by 16.1% to 9.23 lakh units.

Motorcycles sales grew by 9.9% to 3.65 lakh units and scooter sales increased to 3.28 lakh units from 2.29 lakh units in the second quarter of 2016-17 registering a growth of 43.2%.

The Company exported 1.48 lakh units of two and three wheelers, registering a growth of 32.1%.

Three wheelers sales registered a growth of 23.8% to 25,248 units.

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