March 29, 2024 10:59 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
PM Modi has mastered art of manipulating democracy, hurting Constitution: Mallikarjun Kharge | Mafia-turned-politician Mukhtar Ansari dies of cardiac arrest at 63 | NIA arrests key conspirator in Bengaluru cafe blast case | Actor Govinda returns to politics after 14 years of 'vanvas', joins Eknath Shinde camp | 'To browbeat and bully others is vintage Congress culture': PM posts after 600 lawyers write to CJI
TVS Motor Company’s revenue grows 23.5% and Profit Before Tax grows 23.9% in Q3 of FY 2017-18

TVS Motor Company’s revenue grows 23.5% and Profit Before Tax grows 23.9% in Q3 of FY 2017-18

India Blooms News Service | @indiablooms | 30 Jan 2018, 05:10 pm

Kolkata / Chennai, Jan 30 (IBNS): TVS Motor Company has reported a revenue growth of 23.5% for the quarter ended December 2017. 

Revenue excluding Excise duty / GST grew to Rs.3684.95 crores in the quarter ended December 2017 from Rs.2983.38 crores in the quarter ended December 2016.


The Company’s Profit Before Tax (PBT) registered a growth of 23.9% to Rs.210.36 crores in the third quarter of 2017-18 from Rs.169.80 crores in the third quarter of the previous financial year.  Profit After Tax (PAT) increased by 16.3% to Rs.154.35 crores in the quarter under review from Rs.132.67 crores in the corresponding period last year.

During the quarter ended December 2017, the overall two-wheeler sales of the Company including exports grew by 13.8% 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% 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%.

The 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%.

Three wheeler sales of the Company registered a growth of 67.7% to 26,968 units in the quarter under review as against 16,081 units in the third quarter of 2016-17.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.