INSUBCONTINENT EXCLUSIVE:
TVS Motor Company Tuesday reported 15.57 per cent increase in standalone net profit at Rs 178.39 crore for third quarter ended December 31,
The company had posted a net profit of Rs 154.35 crore in year-ago quarter
During reported three-month period, revenue from operations was at Rs 4,663.98 crore, up 26.09 per cent as against Rs 3,698.67 crore in
The overall two-wheeler sales of company, including exports, grew 18.9 per cent to 9.50 lakh units from 7.99 lakh units in quarter ended
Motorcycle sales grew 20.3 per cent to 3.78 lakh units in reported quarter from 3.14 lakh units in year-ago period
Scooter sales rose 31.7 per cent to 3.54 lakh units from 2.69 lakh units in quarter ended December 2017
Total exports of Chennai-based company increased 25.8 per cent to 1.77 lakh units during reported quarter from 1.40 lakh units in year-ago
Total three-wheeler sales grew 47 per cent to 0.40 lakh units in third quarter of 2018-19 from 0.27 lakh units in same period of previous
fiscal.
Shares of TVS Motor were trading at Rs 552 apiece, up 2.78 per cent from previous close on BSE.
