TVS Motors Revenue Grows 12% in Q1 FY17

Profit Before Tax grows 23% 

Chennai, 26th July 2016: TVS Motor Company has reported a revenue growth of 12% for the quarter ended June 2016. Total revenue grew to Rs. 2,880.94 crores in the quarter ended June 2016 from Rs. 2,574.09 crores in the quarter ended June 2015 and company’s Profit Before Tax (PBT) registered a growth of 23% to Rs 160.82 crores in the first quarter of 2016-17 from Rs 130.35 crores in the first quarter of the previous financial year.

During the quarter ended in June 2016, the overall two-wheeler sales of TVS Motor Company, including exports grew by 15.3% to 7.01 lakh units in the quarter ended June 2016 from 6.08 lakh units registered in the quarter ended June 2015. 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%. Motorcycles sales grew by 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.

The company exported 0.89 lakh units of two wheelers in the quarter under review as against 0.92 lakh units in the first quarter of 2015-16. Three wheelers registered sales of 17,337 units in the quarter under review as against 30,229 units in the first quarter of 2015-16.