TVS Motor Q2 revenues up by 23.2%
TVS Motor Company has reported a 23.2% increase in its revenues for the July-September quarter, FY2008-09, at Rs 1,034 crore, compared to Rs 839 crore in the corresponding quarter of the previous year.
Despite increasing input costs, the lack of availability of retail finance and a general downturn in the economic scenario, TVS posted profit before tax of Rs 13.9 crore and profit after tax of Rs 10.4 crore, compared to Rs 16.9 crore and Rs 11.9 crore in Q2, FY2007-08 (which had the benefit of Rs 10.2 crore (net) on account of exceptional items.)
TVS also recorded a growth in its two-wheeler sales, with 181,000 bikes being sold in Q2, compared with 144,000 units sold in Q2 last year. TVS scooters clocked sales of 77,000 units, compared to 76,000 units sold in the corresponding period last year. The company reached a significant milestone in July this year, when it reached the two-million mark in the sales of the TVS Scooty.
TVS exported 55,000 two-wheelers in Q2, an increase of more than 50% over the corresponding period last year. The company now exports its two-wheelers to more than 54 countries worldwide.
[Via: indiaautomotive]
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