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TVS Motor Company Reports Revenue Growth of 21% in Q2 of FY 2016-17

News18.com

First published: October 27, 2016, 7:32 PM IST | Updated: October 27, 2016
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TVS Motor Company Reports Revenue Growth of 21% in Q2 of FY 2016-17
TVS Apache RTR 200 4V. (Photo: Siddharth Safaya/News18.com)

TVS Motor Company has reported a revenue growth of 20.6% for the quarter ended September 2016. Total revenue grew to Rs 3726.31 Crores as against Rs 3089.42 Crores as compared to the same period last year.

The Company’s Profit Before Tax (PBT) registered a growth of 31.1% to Rs 234.04 Crores in the second quarter of 2016-17 as against Rs 178.46 Crores in the second quarter of the previous financial year. Profit After Tax (PAT) increased by 33.4% to Rs 177.39 Crores in the quarter under review as against Rs 132.96 Crores in the corresponding period last year.

During the quarter ended September 2016, the overall two-wheeler sales of TVS Motor Company, including exports grew by 23.1% to 7.95 Lakh units as against 6.46 Lakh units registered in the quarter ended September 2015. Motorcycles sales grew by 30.2% to 3.32 Lakh units in the second quarter of 2016-17 as against 2.55 Lakh units registered in the second quarter of 2015-16. Scooter sales increased to 2.29 Lakh units in the second quarter of 2016-17 as against 2.18 Lakh units in the second quarter of 2015-16 registering a growth of 5.0%.

The Company exported 1.12 Lakh units of two and three wheelers in the quarter under review as against 1.27 Lakh units in the second quarter of 2015-16. Three wheelers registered sales of 20,401 units in the quarter under review as against 32,922 units in the second quarter of 2015-16.

Half-year results

In the half year ended September 2016, total revenue grew by 16.8% to Rs 6874.49 Crores as against Rs 5887.60 Crores in the half-year ended September 2015. Profit Before Tax (PBT) grew by 27.9% to Rs 394.86 Crores as against Rs 308.81 Crores recorded in the half-year ended September 2015.

Profit After Tax (PAT) for the half-year ended September 2016 grew by 28.1% to Rs 298.64 Crores as against Rs 233.04 Crores registered in the half-year ended September 2015.

The total two-wheeler sales of the Company for the half-year ended September 2016 grew by 19.3% to 14.96 Lakh units as against 12.54 Lakh units recorded in the half-year ended September 2015. Scooter sales grew by 11.2% in the half-year ended September 2016 to 4.26 Lakh units as against 3.83 Lakh units in the half-year ended September 2015.

Sales of motorcycles during the half-year ended September 2016 grew by 20.6% to 6.15 Lakh units as against 5.10 Lakh units in the half-year ended September 2015. Two and three-wheeler exports of the Company registered sales of 2.16 Lakh units in the half-year ended September 2016 as against 2.46 Lakh units in the half-year ended September 2015.

Three wheeler sales for the half-year ended September 2016 stood at 37,738 units as against 63,151 units in the half-year ended September 2015.

Also Read: TVS Apache RTR 200 4V Review: A Racer At Heart That's Dressed in Shorts

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