
TVS Motor Company registers revenue growth of 19.3% for quarter ending in June 2017
Mumbai, Aug 17 (IBNS): Two and three-wheeler manufacturer TVS Motor Company has reported a revenue growth of 19.3% for the quarterended in June 2017.
Total revenue grew to Rs. 3799.81 crores in the quarter ended June 2017 from Rs. 3184.35 crores in the quarter ended June 2016.
The Company’s Profit Before Tax (PBT) registered a growth of 11.6% to Rs. 179.44 crores in the first quarter of 2017-18 from Rs. 160.82 crores in the first quarter of the previous financial year.
Profit After Tax (PAT) increased by 6.8% to Rs.129.47 crores in the quarter under review from Rs.121.25 crores in the corresponding period last year.
The above profits are after provision of Rs.16.50 Cr being additional discount offered to dealers for pre GST stocks held by them on 30 th June, 2017 for selling vehicles at revised prices post GST introduction.
During the quarter that ended in June 2017, the overall two-wheeler sales of the Company including exports grew by 12% to 7.85 lakh units in the quarter ended June 2017 from 7.01 lakh units in the quarter ended June 2016.
Motorcycle sales grew by 16.8% to 3.30 lakh units in the quarter ended June 2017 from 2.83 lakh units registered in the first quarter of 2016-17.
Scooter sales increased to 2.58 lakh units in the first quarter of 2017-18 from 1.96 lakh units in the first quarter of 2016-17 registering a growthof 31.2%.
The Company exported 1.11 lakh units of two wheelers in the quarter under review as against 0.89 lakh units in the first quarter of 2016-17 registering a growth of 23.7%. Three wheelers registered sales of 17037 units in the quarter under review as against 17337 units in the first quarter of 2016-17.
The Company has passed on the benefit of GST and price of all products were appropriately reduced. The price reduction is in the range of Rs. 350 to Rs. 1,500 in the commuter segment. In the premium segment, the prices were reduced up to Rs. 4,150 depending on State level taxes in the pre-GST period.
Image: Official Facebook page of TVS.
Top Headlines
-
News
Pakistan threatens to suspend all agreements with India, including Simla Pact, after New Delhi's actions
April 24, 2025
-
News
At least 27 killed in Pahalgam terror attack in Kashmir, Amit Shah reaches Srinagar
April 22, 2025
-
News
Narendra Modi, Elon Musk discuss Indo-US tech collaboration
April 18, 2025
-
News
White House says China to face 245% tariff
April 16, 2025
-
News
Donald Trump's latest tariff hike on Beijing brings additional rate on some Chinese goods to 145 pct: White House
April 10, 2025
-
News
Flight carrying 26/11 accused Tahawwur Rana departs US, to land in Delhi tomorrow
April 09, 2025
-
News
After end of deadline, White House confirms 104 percent tariffs on China: Reports
April 08, 2025
-
News
PM Modi to inaugurate new Pamban Rail Bridge, connecting Rameswaram to mainland, today
April 06, 2025
-
News
Thousands hit streets across US to protest against Donald Trump's divisive policies
April 06, 2025
-
News
Avoid rhetoric that vitiates environment: Modi urges Yunus during Bangkok meeting
April 04, 2025