TVS Motor Q3 net profit rises 31% to Rs 68.8 crore

TVS Motor Co today reported a 31.17 per cent increase in standalone net profit to Rs 68.8 crore for the third quarter ended December 31.

The Chennai-based company had posted a standalone profit of Rs 52.45 crore in the year-ago period, it said in a statement.

Net sales climbed to Rs 2,034.71 crore in the third quarter from Rs 1,802.61 crore a year earlier.

TVS Motor said it sold 5.12 lakh two-wheelers in the quarter, compared with 5.03 lakh units in the same period of the previous year.

Motorcycle sales rose to 2.07 lakh units from 1.97 lakh units. Scooter sales increased to 1.23 lakh units from 1.12 lakh units, it added.

Two-wheeler exports registered a 22 per cent growth to 61,000 units in the quarter.

The company said three-wheeler sales increased 52 per cent to 20,701 units.

TVS Motor shares gained 5.09 per cent to Rs 71.25 in afternoon trade on the BSE.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Banks must learn from past mistakes to promote financial inclusion

    Prime minister Narendra Modi launched a massive financial inclusion programme yesterday titled “pradhan mantri jan dhan yojana’ (PMJDY), that will

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Urs Schöttli

West Asia turmoil worries east Asia

From Beijing to Jakarta, from Manila to Tokyo, east Asian ...

Parvez Imam

Sowing the seeds of love for hatred

No wonder we have a whole lot of talking going ...

Dharmendra Khandal

Time to protect our endangered wildlife species

After 65 million years of existence, the earth’s biodiversity is ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture