TVS registers a growth of 23% in Profit

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.