TVS Motors Company has posted a 16.3% increase in profit, at Rs.154.35 crore YoY for the quarter ended December 31,2017. Profit for the year ago quarter was at Rs.132.67 crore.
Revenue from operations increased 23.5% YoY at Rs.3,685 crore for the quarter, which was driven by sales volumes. It saw 15% volume growth, mainly due to strong increase in scooters and three wheeler. It sold 8.26 lakh units in December quarter, against 7.18 lakh units in corresponding quarter.
Further, motorcycle sales volume increased 27% YoY to 3.14 lakh units in Q3, from 2.47 lakh units and scooter volumes increased 21% to 2.69 lakh units from 2.21 lakh units.