TVS Motor Co witnesses 6 per cent revenue growth
TVS Motor company reported a revenue of Rs 4,617 cr in the Q2 of 2020-21 as against Rs 4,353 cr in the Q2 of 2019-20 registering a growth of 6%. Company’s PBT before exceptional items has grown by 14% at Rs 267 cr during this quarter as against Rs 234 cr during the quarter ended September 2019.
By : migrator
Update: 2020-10-29 20:25 GMT
Chennai
In second quarter of last year, the company had reported a onetime exceptional gain of Rs 76 cr resulting in PBT after exceptional item of Rs 310 cr. During the quarter, its Profit After Tax (PAT) was Rs 196 cr.
Despite COVID-19 challenges, the company strengthened its supply chain during Q2 of 202021. The production and sales improved consistently from July 2020 onwards. In July 2020, the total two-wheeler sales was 2.44 lakh units, it improved to 2.77 lakh in August 2020 and in September 2020 sales further improved to 3.13 lakh. In September 2020, sales grew by 4.2%.
Two-wheeler sales of 8.34 lakh for the quarter was almost in line with last year Q2 figure of 8.42 lakh. Two-wheeler export sales grew by 7.8% compared to Q2 of last year. Motorcycles registered sales of 3.66 lakh units in the Sept quarter against sales of 3.42 lakh units registered in the quarter ended September 2019.
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