TVS Motor Company’s Q3 net profit up 28% at ₹304 crore

The company had recorded a net profit of 237 crore for the October-December period of the last financial year.

total revenue increased 8,075 crore during the quarter as against 6,606 crore in the year-ago period, TVS Motor Company said in a regulatory filing.

The company said that its total two-wheeler sales increased to 8.36 lakh units in the third quarter of the current financial year, as against 8.35 lakh units in the quarter ended December 2021.

Two-wheeler exports increased to 2.07 lakh units in December 2021 as against 2.53 lakh units. Total three-wheeler sales declined to 43,000 units in the quarter under review, as against 44,000 units in the quarter ended December 2021.

For the nine months ended December 31, 2022, the company reported a net profit of Rs. 974 crore as compared to Rs. 456 crore in the year-ago period.

The board of the company declared an interim dividend of Rs. 5 per share (500 per cent), absorbing an amount of 238 crores for the financial year ending March 31, 2023.

Shares of the company closed with a gain of 0.44 per cent on Tuesday. 986.20 per share on BSE.