TVS Motors' net profits increase by 21 per cent in Q1FY17

TVS Motors has reported strong earnings in Q1FY17. Net profit for Q1FY17 has increased by 21 per cent and stands at Rs 121.25 crores. Net sales of the company have risen to Rs 2,852.59 crore in the first quarter as compared to Rs 2,543.59 crore during the same period of previous financial year. EBITDA also has seen a double digit growth of 22 per cent and stands at Rs 200.38 crores.

During the quarter, the overall two wheeler sales of the company including exports has grown by 15.3 per cent to 7.01 lakh units from 6.08 lakh units in Q1FY16. Motorcycle sales have grown by 11 per cent to 2.83 lakh units in Q1FY17. Scooter sales have risen to 1.96 lakh units in the first quarter from 1.65 lakh units in the same period of previous financial year.

The scrip of the company on July 27 has opened on a positive note but failed to remain in green. As at 11.22 am, shares are trading at Rs 289.50, marginally down by 0.69 per cent. The shares in the last 5 days are down by 4 per cent. It would not be wrong to say the results and the scrip's movement are not in consensus.

TVS Motor Company Limited., is an Indian automotive company that is engaged in the manufacture of two wheeler and three wheeler vehicles. The company operates in two segments- automotive vehicles and automotive parts. TVS Motor currently manufactures a wide range of two-wheelers from mopeds to racing inspired motorcycles.