TVS Motor revs up after good monthly sales

TVS Motor Company rose 1.2% to Rs 500.65 at 10:17 IST on BSE after the company reported 8% rise in total sales to 2.46 lakh units in April 2017 over April 2016.

The announcement was made after market hours yesterday, 2 May 2017.

Meanwhile, the S&P BSE Sensex was up 35.21 points, or 0.12%, to 29,956.39

On the BSE, so far 31,000 shares were traded in the counter, compared with average daily volumes of 1.07 lakh shares in the past one quarter. The stock had hit a high of Rs 505.60 and a low of Rs 498.80 so far during the day. The stock hit a record high of Rs 518.95 on 27 April 2017. The stock hit a 52-week low of Rs 277.95 on 4 May 2016.

 

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-wheeler sales rose 8.4% to 2.41 lakh units in April 2017 over April 2016. Scooters sales rose 28.6% to 81,443 units in April 2017 over April 2016. Motorcycles sales grew 10.4% to 99,890 units in April 2017 over April 2016.

Three-wheeler sales increased 11.7% to 5,303 units April 2017 over April 2016.

Total exports surged 41.9% to 40,221 units in April 2017 over April 2016.

TVS Motor Company's net profit fell 6.81% to Rs 126.77 crore on 2.53% growth in total income to Rs 2907.70 crore in Q3 December 2016 over Q3 December 2015.

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

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