TVS Motor's Q3 net profit up 16.3%

Mumbai/Chennai, Jan 30 :Two-and three-wheeler manufacturer TVS Motor Company on Tuesday reported a rise of 16.3 per cent in its net profit for the third quarter of 2017-18.

According to the company, its net profit during the quarter under review increased to Rs 154.35 crore from Rs 132.67 crore reported for the corresponding period of the previous fiscal.

"During the quarter ended December 2017, the overall two-wheeler sales of the company including exports grew by 13.8 per cent to 7.99 lakh units...," the company said in a statement.

"Three-wheeler sales of the company registered a growth of 67.7 per cent to 26,968 units in the quarter under review as against 16,081 units in the third quarter of 2016-17."

Further, the company exported 1.40 lakh units of two and three wheelers in the quarter under review as against 0.99 lakh units in the third quarter of 2016-17 registering a growth of 42.4 per cent.