TVS Motors post 23.2 pc revenue in Q2

Bangalore, Oct 30: TVS Motor Company on Thursday, Oct 30 reported a 23.2 pc increase in revenues, registering Rs 1034 crores for the quarter ended Sep 2008 of the financial year 2008-09, when compared to Rs 839 crores in the corresponding quarter of the previous year. Despite the challenging environment caused by increasing input material costs, general inflationary trends and lack of availability of retail finance, the company has posted Profit before Tax of Rs 13.9 crores and Profit after Tax of Rs 10.4 crores when compared to Rs 16.9 crores and Rs 11.9 crores in the corresponding period of the previous year.

The company has recorded growth in sales despite adverse retail financing. Motorcycles witnessed higher sales at 1.81 lakh during the quarter compared to 1.44 lakh units over the previous period.

OneIndia News