TVS Motor Q1 net profit rises 21% to Rs 121 crore

By: | Published: July 27, 2016 8:23 AM

Riding high on a 15.3% growth in two-wheelers during the quarter, TVS Motor Company has reported a 21% growth in its net profit for the quarter ended June...

Riding high on a 15.3% growth in two-wheelers during the quarter, TVS Motor Company has reported a 21% growth in its net profit for the quarter ended June, to Rs 121.25 crore as compared to Rs 100.08 crore in the same quarter last fiscal.

The revenue during the quarter under review grew 12% to Rs 2,880.94 crore compared with Rs 2,574.09 crore in in the corresponding quarter ended June 2015, said a press release on Tuesday.

Profit before tax (PBT) registered a growth of 23% to Rs 160.82 crore in the first quarter of 2016-17 from Rs 130.35 crore in the first quarter of the previous financial year. However, the share price on the BSE down 3.08% to end at Rs 291.40.

During the quarter ended June 2016, the overall two-wheeler sales, including exports grew 15.3% to 7.01 lakh units in the quarter ended June 2016 as compared to 6.08 lakh units registered in the quarter ended June 2015.

Motorcycles sales grew 11% to 2.83 lakh units in the first quarter of 2016-17 from 2.55 lakh units registered in the first quarter of 2015-16. Scooter sales increased to 1.96 lakh units in the first quarter of 2016-17 from 1.65 lakh units in the first quarter of 2015-16, registering a growth of 19%.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Switch to Hindi Edition