TVS Motor zooms to all-time high on robust sales growth


On BSE, the counter has clocked a volume of about 9,88 lakh shares so far in the session. The stock had hit a record high of Rs 792.85 on 19 December 2016.The stock had hit a 52-week low of Rs 355 on 3 January 2017. The scrip had also outperformed the market in past one year, jumping 112.49% as against Sensex's 26.99% rise. Face value per share is Re 1. LLP as its auditoRs As on 30-09-2017, the company has a total of 2,887,348,694 shares outstanding.

In a statement issued here, the company said it sold 256,909 units in December 2017 as against 184,944 units sold in December 2016.

For the quarter ended 30-09-2017, the company has reported a Consolidated sales of Rs 70155.96 Crore, up 19.94 % from last quarter Sales of Rs 58493.37 Crore and up 7.70 % from a year ago same quarter Sales of Rs 65140.75 Crore Company has reported net profit after tax of Rs 1991.59 Crore in latest quarter. Domestic two-wheelers recorded growth of 35.4 per cent with sales increasing from 153,456 units in December 2016 to 207,778 units in December 2017. On the other hand, motorcycles sales grew by 63.7 per cent with sales increasing from 58,211 units in December 2016 to 95,281 units in December 2017.

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The company has sold total 2,56,909 units in the month of December 2017 against 1,84,944 units in December 2016, growth of 39 percent.

Tata Motors turned in a fine performance in December 2017, recording a sharp 52% jump in commercial and passenger vehicles sales, compared to sales in the same month a year earlier.

TVS Motor Company's net profit rose 20.2% to Rs 213.16 crore on 18.3% rise in net sales to Rs 4052.44 crore in Q2 September 2017 over Q2 September 2016. Increasing demand for the new tonnage vehicles, infrastructure development led by government funding and keen focus on customer requirements has helped reviving the MHCV performance.The ever-increasing positive customer response to the superior range of Tata Motors' BS4 vehicles complemented by the success of the company's innovative SCR technology led to the growth.