Business Standard

Two-wheeler major TVS Motor Q3 net up 16% to Rs 1.55 bn on strong sales

Company to launch one scooter and motorcycle in Q4, may hike prices to offset higher material costs

Two-wheeler major TVS Motor Q3 net up 16% to Rs 1.55 bn on strong sales
Premium

T E Narasimhan Chennai
TVS Motor's Profit After Tax (PAT) rose 16.3 per cent to Rs 1.55 billion (Rs 155 crore) in the quarter ended December 2017, from Rs 1.33 billion (Rs 133 crore) in the corresponding quarter a year ago.

The company reported a revenue growth of 23.5 per cent for the quarter under review. Revenue excluding excise duty and GST grew to Rs 36.85 billion (Rs 3,685 crore) in the quarter ended December 2017 from Rs 29.84 billion in the year-ago quarter.

K N Radhakrishnan, CEO, TVS Motor said that he is bullish about the fourth quarter on the backdrop of good

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 30 2018 | 11:13 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com