For the three-month interval, bike gross sales grew by 32% to 5.11 lakh items.
| Photo Credit: Special Arrangement
TVS Motor Company Ltd. (TVSM) reported standalone net revenue for the quarter ended March surged 18% YoY to ₹485 crore on improved gross sales.
Revenue from operations grew by 24% to ₹8,169 crore. Cost of supplies consumed soared to ₹5,969 crore from ₹4,843 crore, the producer of two-and-three wheelers mentioned in a submitting.
Profit earlier than tax of ₹671.63 crore included truthful valuation lack of ₹47 crore of the funding held by the corporate towards a achieve of ₹62 crore. It is proven as a part of “other income” within the financials.
For the three-month interval, bike gross sales grew by 32% to 5.11 lakh items, scooter by 16% to 3.96 lakh items, electrical automobiles by 15% to 49,000 items and three wheelers by 4% to 30,000 items.
During the quarter, TVSM has invested ₹279 crore in its abroad subsidiary, TVS Motor (Singapore) Pte Ltd., and ₹25 crore in Indian Foundation for Quality Management. Besides, it offered its total stake of 23.50% in Tag field Solutions Pvt. Ltd.
