TVS Motor Company Q3 net rises 15% to Rs 178 crore

TVS Motor Company on Tuesday reported a revenue growth of 26.0% for the third quarter of FY 2018-19. Total revenue grew to Rs. 4664.6 crore in the current quarter compared to Rs. 3703.1 crore in the quarter ended December 2017.

EBITDA for the third quarter ended December 2018 was reported at Rs. 375.7 crore compared to Rs. 300.5 crore for the quarter ended December 2017, a growth of 25.0%.

The Company’s Profit Before Tax (PBT) for the quarter ended December 2018 is Rs. 258.5 crore against Rs. 210.4 crore in the corresponding quarter last year, registering a growth of 22.9%.


Profit After Tax (PAT) for quarter ended December 2018 is Rs. 178.4 crore against Rs. 154.4 crore reported for the quarter ended December 2017 registering a growth of 15.5%.

During the quarter ended December 2018, the overall two-wheeler sales of the Company including exports grew by 18.9% to 9.50 Lakh units from 7.99 Lakh units in the quarter ended December 2017.

Motorcycle sales grew by 20.3% to 3.78 Lakh units in the quarter ended December 2018 from 3.14 Lakh units registered in the quarter ended December 2017. Scooter sales of the Company grew by 31.7% to 3.54 Lakh units in the quarter ended December 2018 from 2.69 Lakh units in the quarter ended December 2017.

The total export of the Company grew by 25.8% to 1.77 Lakh units during the quarter ended December 2018 from 1.40 Lakh units in the quarter ended December 2017. Total three wheelers sales grew by 47.0% to 0.40 Lakh units in the quarter ended December 2018 from 0.27 Lakh units in the quarter ended December 2017.