TVS Motor Q2 profit up by 33.4% to Rs 177.39 crore
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TVS Motor has reported a 33.4 per cent growth in profit during the quarter ended September 2016 at Rs 177.39 crore, as against Rs 132.96 crore in the corresponding period last year.
The company has reported a revenue growth of 20.6 per cent for the quarter ended September 2016. Total revenue grew to Rs 3,726.31 crore in the quarter ended September 2016, as against Rs 3,089.42 crore recorded in the quarter ended September 2015.
During the quarter ended September 2016, the overall two-wheeler sales of TVS Motor Company, including exports grew, by 23.1 per cent to 7.95 lakh units, as against 6.46 Lakh units registered in the quarter ended September 2015.
Motorcycle sales grew by 30.2 per cent to 3.32 lakh units in the second quarter of 2016-17, as against 2.55 lakh units registered in the second quarter of 2015-16. Scooter sales increased to 2.29 lakh units in the second quarter of 2016-17, as against 2.18 lakh units in the second quarter of 2015-16, registering a growth of five per cent.
The company exported 1.12 lakh units of two- and three-wheelers in the quarter under review, as against 1.27 lakh units in the second quarter of 2015-16. Three-wheelers registered sales of 20,401 units in the quarter under review, as against 32,922 units in the second quarter of 2015-16.
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