TVS Motor Company’s revenue grows 23.5% in Q3 2017-18
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.
Cumulative nine months results
In the nine months ended December 2017, revenue excluding Excise duty / GST, grew by 19.9% to Rs.11136.90 crores from Rs.9290.81 crores in the nine months ended December 2016. Profit Before Tax (PBT) for the nine months ended December 2017 grew by 21.6% to Rs. 686.59 crores as against Rs. 564.66 crores recorded in the nine months ended December 2016.
Profit After Tax (PAT) for the nine months ended December 2017 grew by 15.2% to Rs. 496.98 crores as against Rs. 431.31 crores registered in the nine months ended December 2016.
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