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