TVS Motor net profit rises 30.6% in Jan-Mar quarter to Rs 1.65 billion
.jpg)
TVS Motor Company profit grew 30.6 per cent to Rs 1.65 billion in the January-March quarter of 2017-18 from Rs 1.26 billion in the same quarter of 2016-17.
The company has reported a growth of 40.4% with total revenue excluding Excise Duty / GST going up from Rs 284.4 billion in the fourth quarter of 2016-17 to Rs 399.2 billion in the same quarter of 2017-18.
The company’s Profit Before Tax (PBT) registered a growth of 43.3% increase from Rs 1.34 billion in the fourth quarter of 2016-17 to Rs.1.92 billion crores in the same quarter of 2017-18.
The overall two-wheeler and three-wheeler sales of the company grew by 31.7% from 675,000 units in fourth quarter of 2016-17 to 889,000 units in the same quarter of 2017-18.
Motorcycle sales grew by 61.1% from 2.15 lakh units in the fourth quarter of 2016-17 to 3.46 lakh units in fourth quarter of 2017-18. Scooter sales grew by 25.5% from 2.23 lakh units in the fourth quarter of 2016-17 to 2.80 lakh units in the quarter under review.
The company’s total export increased by 45.3% from 111,000 units in the fourth quarter of 2016-17 to 161,000 units of two-wheelers and three-wheelers in the quarter under review. Three-wheeler sales grew by 90.7% from 0.15 lakh units in the fourth quarter of 2016-17 to 0.29 lakh units in the quarter under review.
Other Latest News
.webp)
As the results for the Maharashtra polls will be announced tomorrow, Shiv Sena (UBT) leader Sanjay Raut on Friday exuded confidence in the victory of the Maha Vikas Aghadi (MVA), saying that around 160-165 MLAs will be elected from MVA.
Reacting to the speculations of the CM face from Maha Vikas Aghadi, Raut asserted that no formula has been made yet for the selection of the CM face as everyone will sit together and choose the CM.
.webp)
The Supreme Court on Friday issued a notice to the Enforcement Directorate (ED) in response to a petition from former Delhi Deputy Chief Minister and Aam Aadmi Party (AAP) leader Manish Sisodia. Sisodia sought a relaxation of the bail condition that mandates him to appear before the investigating officer every Monday and Thursday.
An SC bench of Justices BR Gavai and KV Viswanathan said that it would make a decision on the matter during the next hearing without any adjournment.
.webp)
Kenya's president said Thursday he has cancelled multimillion-dollar airport expansion and energy deals with Indian tycoon Gautam Adani after US bribery and fraud indictments against one of Asia's richest men.
President William Ruto in a state of the nation address said the decision was made based on new information provided by our investigative agencies and partner nations. He didn't specify the United States.
.webp)
Asserting that the relationship between India and the US is built on a strong foundation, the White House has expressed confidence that it can navigate the ongoing crisis surrounding bribery charges against Indian billionaire Gautam Adani.
At her daily news conference, White House Press Secretary Karine Jean-Pierre told reporters on Thursday that the administration is aware of the charges against Adani.
.webp)
Prime Minister Narendra Modi on Monday (local time) held a bilateral meeting with his Italian counterpart, Giorgia Meloni, on the sidelines of the G20 Summit in Brazil. PM Modi stated that their discussions focused on strengthening ties in defence, security, trade, and technology. He remarked, "India-Italy friendship can greatly contribute to a better planet."
.webp)
.webp)
.webp)
.webp)
