Two-wheeler major TVS Motor has registered a 7% growth in its revenue for the third quarter ended December to R1,762 crore against R1,647 crore in the corresponding quarter of the previous financial year. Profit after tax during the quarter under review marginally shot up to R56.53 crore against R55.75 crore during the same quarter of the last fiscal.
For April to December 2011 period, while the cumulative PBT increased to R254.28 crore from R188.52 crore in the previous year, the cumulative PAT increased to R191.84 crore from R150.90 crore in the previous comparable period.
In the third quarter, the company reported total two-wheeler sales at 5.19 lakh units against that of 5.18 lakh units in the corresponding period of the previous year. Scooter sales grew by 11% to 1.38 lakh units in the current quarter from 1.24 lakh units during the corresponding quarter of the previous year, while motorcycles registered sales of 1.93 lakh units in the reporting quarter against 2.11 lakh units in the quarter ended December 2010.
Two-wheeler exports registered a 24% growth with sales increasing to 63,700 units in the current quarter from 51,441 units in the quarter ended December 2010. Three-wheeler sales during the third quarter were lower at 8,899 units from 10,079 units in the quarter ended December 2010.
During the quarter, PT TVS Motor Company Indonesia registered a total two-wheeler sales of 4,033 units against 3,800 units recorded in the same period of the previous year. For the nine months, PT TVS Motor Company recorded cumulative sales growth of 28% with 18,905 units against 14,809 units previous year.
