TVS registers a growth of 23% in Profit
BANGALORE: TVS
Motor Company announced a revenue growth of 8% for the quarter ended September
2015 with total revenue growing from Rs.2667 crores in the quarter ended
September 2014 to Rs.2881 crores in the quarter ended September 2015.
According to a press release of TVS Motor Company, profit
before tax during the quarter under review, grew by 23% from Rs.131 crores
recorded in the quarter ended September 2014 to Rs.161 crores in the quarter
ended September 2015. Profit after tax for the quarter ended September 2015
grew by 23%. PAT increased from Rs. 95 crore reported in quarter ended
September 2014 to Rs 116 crore in the quarter ended September 2015,
Total two-wheeler sales of the company for the quarter ended
September 2015 stood at 6.46 lakh units against 6.48 lakh units recorded in the
corresponding quarter of the previous year. Scooter sales grew by 12% in the
quarter ended September 2015 increasing from 1.95 lakh units recorded in the
quarter ended September 2014 to 2.18 lakh units in the quarter ended September
2015. The company’s motorcycle sales during the quarter ended September
2015 stood at 2.55 lakh units, same as recorded in the corresponding quarter of
the previous year.
Two and three wheeler exports of the company registered a
growth of 23% with sales increasing from 1.03 lakh units in the quarter ended
September 2014 to 1.27 lakh units in the quarter ended September 2015.
Total three wheeler sales for the quarter ended September
2015 grew by 18% increasing from 27,946 units in the quarter ended September
2014 to 32,922 units in the quarter ended September 2015. The festival season
has begun very well and we are confident of a robust growth in TVS two-wheelers
sale during this period.
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