TVS Motor Company reports 29% growth in third quarter revenue

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TVS Motor Company reported a revenue growth of 29 percent for the quarter ended December 2014. Total revenue grew from Rs 2,058 crores in the quarter ended December 2013 to Rs 2,653 crores in the quarter under review. Total two-wheeler sales of the company grew by 22 percent in the quarter ended December 2014, increasing from 5.12 lakh units in the corresponding quarter of the previous year to 6.27 lakh units in the quarter ended December 2014.

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Motorcycle sales grew by 20 percent, increasing from 2.07 lakh units in the quarter ended December 2013 to 2.48 lakh units in the quarter ended December 2014. Scooter sales grew by 51 percent in the quarter ended December 2014 increasing from 1.23 lakh units recorded in the quarter ended December 2013 to 1.86 lakh units in the quarter under review. Three wheeler sales during the quarter ended December 2014 grew by 36 percent increasing from 20,701 units in the quarter ended December 2013 to 28128 units in the quarter ended December 2014.

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In terms of exports, two and three wheeler exports of the company registered a growth of 37 percent with sales increasing from 0.78 lakh units in the quarter ended December 2013 to 1.07 lakh units in the quarter ended December 2014.

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Profit before tax (PBT) grew by 33 percent increasing from Rs. 93.16 crores in the quarter ended December 2013 to Rs.123.68 crores during the quarter ended December 2014. Profit after tax (PAT) increased from Rs. 68.80 crore reported in quarter ended December 2013 to Rs 90.18 crore in the quarter ended December 2014, registering a growth of 31% over comparable quarter of previous year.

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