TVS Motor Firm Income Grows By 22 Per Cent

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TVS Motor Firm has reported a income development of 22 per cent for the second quarter of FY 2018-19. TVS’ whole income within the quarter grew to Rs. four,994 crore from Rs. 4098 crore in the identical quarter a yr in the past. EBITDA for the quarter ended September 2018 is at Rs. 428.2 crore, in comparison with Rs. 362.6 crore for the quarter ended September 2017, a development of 18.1 per cent, the corporate mentioned in a press launch. The corporate’s Revenue Earlier than Tax (PBT) for the quarter is Rs. 306.2 crore, in opposition to Rs. 296.eight crore for the quarter ended September 2017.

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The TVS NTorq 125 is the newest 125 cc scooter from TVS Motor Firm

In the identical quarter (July – September 2018), the general two-wheeler gross sales of TVS together with exports, grew by 13.6 per cent to 10.49 models from 9.23 models in the identical quarter a yr in the past. Motorbike gross sales of TVS grew by 14.9 per cent to four.2 lakh models within the July-September 2018 interval, from three.65 lakh unit gross sales registered in the identical interval a yr in the past. Scooter gross sales grew by 18.2 per cent to three.88 lakh models within the quarter ended September 2018, from three.28 lakh models in the identical interval in FY 2017-18. TVS Motor Firm’s exports show sturdy development of 35.2 per cent in Q2 of 2018-19. In all, TVS exported 1.99 lakh models within the quarter, in comparison with 1.48 lakh models exported in the identical interval in 2017-18.

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The TVS Apache RTR 160 4V is the most recent 160 cc motorbike from TVS

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Within the half yr ended September 2018 (April-September 2018), income excluding excise responsibility/GST grew by 21.three per cent to Rs. 9,165.2 crore, from Rs. 7,554 crore within the half yr ended September 2017. Revenue Earlier than Tax (PBT) for the primary half of the present monetary yr (2018-19) is Rs. 518.6 crore, as in opposition to Rs. 476.2 crore recorded in the identical interval within the final monetary yr (2017-18). Revenue After Tax (PAT) for the half yr ended September 2018 is Rs. 357.9 crore as in opposition to Rs. 342.6 crore registered within the first half of the final monetary yr.

In all, TVS offered 19.41 lakh two-wheelers within the first half of the present monetary yr, rising by 13.6 per cent from 17.08 lakh in the identical interval a yr in the past. Scooter gross sales grew by 15.four per cent within the first half of the present monetary yr, to six.76 lakh models, from 5.76 lakh models a yr in the past. Motorbike gross sales accounted for extra volumes, with eight.07 models offered within the first half of the present monetary yr, up 16 per cent from 6.95 lakh models in the identical interval a yr in the past.


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