TVS Motor Company has registered 7 % growth in revenue in the third
quarter of the current financial year. The company's revenues grew to
Rs.1,762 crore in the quarter ended December 2011 from Rs.1,647 crore in
the corresponding quarter of the previous financial year.
Profit before tax (PBT) during the quarter under review was higher at
Rs.75.56 crore, compared to Rs.70.29 crore recorded in the same period
of the previous year. Profit after tax (PAT) in the current quarter was
Rs.56.53 crore compared to Rs.55.75 crore in the previous comparable
quarter. For the period April 2011 to December 2011, the company's
cumulative PBT and PAT were substantially higher than the comparable
period of the previous year. While cumulative PBT for nine months ending
December 2011 increased to Rs.254.28 crore from Rs.188.52 crore in the
previous year, the cumulative PAT for nine months ending December 2011
increased to Rs.191.84 crore from Rs.150.90 crore reported in the
previous comparable period.
In the third quarter of the current fiscal, the company reported total
two-wheeler sales at 5.19 lakh units, compared with 5.18 lakh units in
the corresponding period of the previous year. Scooter sales grew by 11%
to 1.38 lakh units in the current quarter from 1.24 lakh units during
the corresponding quarter of the previous year, while motorcycles
registered sales of 1.93 lakh units in the reporting quarter against
2.11 lakh units in the quarter ended December 2010.
Two wheeler exports registered 24% growth with sales increasing to 63700
units in the current quarter from 51441 units in the quarter ended
December 2010. Three wheeler sales during the quarter were lower at 8899
units in the quarter ended December 2011 from 10079 units in the quarter
ended December 2010.
During the quarter, PT TVS Motor Company Indonesia registered total two
wheeler sales of 4033 units in comparison with 3800 units recorded in
the same period of the previous year. For the nine months ending
December 2011, PT TVS Motor Company recorded cumulative sales growth of
28% with 18,905 units against 14,809 units in the comparable period of
the previous year.