TVS Motor Company today posted a 24.82 per cent rise in its net profit at Rs 90.27 crore for the first quarter ended June 30, on the back of robust sales during the period.
The company had posted a profit after tax of Rs 72.32 crore during the same period of the previous fiscal.
Net sales of the company rose to Rs 2,590.73 crore in the quarter, compared to Rs 2,263.21 crore during the same period of the previous fiscal, TVS Motor Company said in a filing to BSE.
Total two-wheeler sales of the company grew by 8.8 per cent during the quarter to 6.08 lakh units as compared to 5.59 lakh units in the corresponding quarter of the previous year.
Motorcycle sales grew by 11.8 per cent to 2.55 lakh units during the period under review from 2.28 lakh units in the same period of previous fiscal, the city-based firm said.
Scooter sales grew by 8.6 per cent during the first quarter at 1.65 lakh units, as against 1.52 lakh units during the same period of previous fiscal, it added.
TVS Motor Company shares today closed at Rs 251.45 apiece on the BSE, down 4.52 per cent from previous close.
