NITN | @notintownlive | 22 Aug 2017, 08:22 am
Total revenue grew to Rs. 3799.81 crores in the quarter ended June 2017 from Rs. 3184.35 crores in the quarter ended June 2016.
The Company’s Profit Before Tax (PBT) registered a growth of 11.6% to Rs. 179.44 crores in the first quarter of 2017-18 from Rs. 160.82 crores in the first quarter of the previous financial year.
Profit After Tax (PAT) increased by 6.8% to Rs.129.47 crores in the quarter under review from Rs.121.25 crores in the corresponding period last year.
The above profits are after provision of Rs.16.50 Cr being additional discount offered to dealers for pre GST stocks held by them on 30 th June, 2017 for selling vehicles at revised prices post GST introduction.
During the quarter that ended in June 2017, the overall two-wheeler sales of the Company including exports grew by 12% to 7.85 lakh units in the quarter ended June 2017 from 7.01 lakh units in the quarter ended June 2016.
Motorcycle sales grew by 16.8% to 3.30 lakh units in the quarter ended June 2017 from 2.83 lakh units registered in the first quarter of 2016-17.
Scooter sales increased to 2.58 lakh units in the first quarter of 2017-18 from 1.96 lakh units in the first quarter of 2016-17 registering a growth of 31.2%.
The Company exported 1.11 lakh units of two wheelers in the quarter under review as against 0.89 lakh units in the first quarter of 2016-17 registering a growth of 23.7%. Three wheelers registered sales of 17037 units in the quarter under review as against 17337 units in the first quarter of 2016-17.
The Company has passed on the benefit of GST and price of all products were appropriately reduced. The price reduction is in the range of Rs. 350 to Rs. 1,500 in the commuter segment. In the premium segment, the prices were reduced up to Rs. 4,150 depending on State level taxes in the pre-GST period.
Image: Official Facebook page of TVS.
- Rashmi Group and Rice Adamas Group get franchise rights in Bengal Pro T20 League
- Shrachi Group, Servotech bag franchise rights in Bengal Pro T20 League
- Bengal Pro T20 League unveils its official logo
- Le Rythme& AWIPL hosts skill development programme on 'Accounts Executive' in Kolkata
- NEZ International Film Festival focuses on independent cinema in 9th edition, special focus on European filmmakers
- Deptt of Science and Technology funded Incubator at Sona College to spur entrepreneurship in Salem
- HireMee earns prestigious Global Impact sourcing award from IAOP, in partnership with The Rockefeller Foundation
- Embracing Robotic Surgery key to improving women’s disease treatments: Gynaecologists
- Sona College of Technology powers ISRO rocket that launched Insat-3DS weather satellite
- Vee Technologies named to Global Outsourcing 100 list by IAOP for 9th consecutive year
Tokyo: Airlines were forced to cancel over 300 flights following the collision between a Japan Coast Guard aircraft and a Japan Airlines passenger plane at Tokyo's Haneda Airport on Tuesday evening even as reports said the plane was cleared to land ahead of the tragedy.
New Delhi/NITN: Regular flyers on Jazeera Airways, Kuwait’s low-cost carrier, can now avail a host of discounts and benefits by enrolling for the new membership club introduced by the airline, recently.
Gurugram: Air India, a global airline in India, has initiated the deployment of its recently acquired Boeing 777 aircraft to serve all three non-stop routes from Mumbai to the United States.