TVS Motor Company's Fourth Quarter Profits Rise 31 Per Cent

TVS Motor Company has reported a growth of 30.6 per cent in profit after tax for the fourth quarter of the financial year 2017-18, to Rs. 165.61 crore, compared to Rs. 126.77 crore a year ago. Overall two-wheeler and three-wheeler sales during the fourth quarter grew by 31.7 per cent to 8.89 lakh units, from 6.75 lakh units in the same period a year ago. Motorcycle sales at TVS showed promising growth in the quarter, with TVS selling 3.46 lakh units in the January to March, 2018 period, a jump of 61.1 per cent from 2.15 lakh unit sales a year ago.

TVS sold 2.8 lakh scooters in the same three-month period, a growth of 25.5 per cent from 2.23 lakh scooters a year ago. Exports from TVS witnessed significant growth in the fourth quarter. In all, TVS exported 1.61 lakh two-wheelers and three-wheelers in the quarter, a growth of 45.3 per cent from 1.11 lakh units a year ago. Total revenue excluding excise duty and GST in the same period grew by 40.4 per cent to Rs. 3,992.76 crore, from Rs. 2,844.50 crore in the January to March period of 2016-17.

In all, TVS Motor Company sold 34.66 lakh two-wheelers and three-wheelers in the financial year 2017-18, with total revenue during the financial year amounting to Rs. 15,129.66 crore, a growth of 24.7 per cent from Rs. 12,135.31 crore in the financial year 2016-17. FY 2017-18 has seen TVS strengthening its motorcycle and scooter segments with the launch of the TVS Apache RR 310, TVS NTorq125 and TVS Apache RTR 160 4V, together with a refreshed product portfolio.

TVS sold a total of 33.67 lakh two-wheelers in 2017-18, including exports, registering a sales growth of 17.8 per cent. A year before, TVS had sold 28.58 lakh two-wheelers in the entire year. Both scooters and motorcycles witnessed impressive sales growth during the financial year. While motorcycle sales grew by 25.8 per cent, from 10.77 lakh in 2016-17 to 13.55 lakh in 2017-18, scooter sales grew by 30.4 per cent, increasing from 8.7 lakh unit sales in 2016-17 to 11.35 lakh unit sales in the year ended March 2018. Total exports of the company grew by 35.1 per cent from 4.25 lakh units in 2016-17 to 5.74 lakh units in the year ended March 2018.