TVS Motor Q1 profit rises 25%

TVS Motor Company Ltd has posted a 25% increase in net profit to Rs 90.2 crore for the quarter ended June 30, 2015 from Rs 72.3 crore for the quarter ended June 30, 2014.

Total Income has increased to Rs 2630.8 crore for the quarter ended June 30, 2015 from Rs 2313.6 crore for the quarter ended June 30, 2014, an increase of 13.71%.

Total two-wheeler sales of the company grew by 8.8% in the quarter ended June 2015, increasing from 5.59 lakh units in the corresponding quarter of the previous year to 6.08 lakh units in the quarter ended June 2015.

Motorcycle sales grew by 11.8% to 2.55 lakh units in the quarter ended June 2015 from 2.28 lakh units in the quarter ended June 2014. Scooter sales grew by 8.6% in the quarter ended June 2015 increasing from 1.52 lakh units recorded in the quarter ended June 2014 to 1.65 lakh units in the quarter under review.

Two and three wheeler exports of the company registered a growth of 22.7% with sales increasing from 0.97 lakh units in the quarter ended June 2014 to 1.19 lakh units in the quarter ended June 2015.

Three wheeler sales for the quarter ended June 2015 grew by 21.0% increasing from 24982 units in the quarter ended June 2014 to 30229 units in the quarter ended June 2015.

During the first quarter the company invested Rs 25 crore in 2,50,00,000 Non Cumulative Redeemable Preference Shares of rs 10 each in TVS Motor Services Ltd, Chennai.