TVS Motor accelerates after strong sales in February

TVS Motor Company rose 1.27% to Rs 685.40 at 09:19 IST on BSE after total sales surged 37% to 2.90 lakh units in February 2018 over February 2017.

The announcement was made after market hours on Thursday, 1 March 2018. The stock market was closed on Friday, 2 March 2018 on account of Holi.

Meanwhile, the S&P BSE Sensex was down 195.11 points, or 0.57% to 33,851.83.

On the BSE, 4,312 shares were traded in the counter so far, compared with average daily volumes of 1.31 lakh shares in the past two weeks. The stock had hit a high of Rs 686.70 and hit a low of Rs 678.90 so far during the day. The stock hit a record high of Rs 794.90 on 2 January 2018. The stock hit a 52-week low of Rs 414 on 8 March 2017.

The large-cap company has equity capital of Rs 47.51 crore. Face value per share is Re 1.

TVS Motor Company's total two-wheelers sales rose 36.2% to 2.80 lakh units in February 2018 over February 2017. Domestic two-wheelers sales recorded growth of 33.5% to 2.30 lakh units. Scooter sales grew by 35.6% to 93,573 units. Motorcycles sales grew by 92% to 1.13 lakh units.

The company's total exports grew by 53.2% to 58,564 units in February 2018 over February 2017. Two-wheeler exports grew by 50.4% to 50,589 units. Three-wheeler of the company grew by 86.3% to 9,731 units in February 2018 over February 2017.

TVS Motor Company's net profit rose 16.34% to Rs 154.35 crore on 22.69% rise in total income to Rs 3703.11 crore in Q3 December 2017 over Q3 December 2016.

TVS Motor Company is a leading two and three-wheeler manufacturer.

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