Report Wire - TVS Motor Company Q3 web revenue rises 28% to ₹304 crore

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TVS Motor Company Q3 web revenue rises 28% to ₹304 crore

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The company said its total two-wheeler sales rose to 8.36 lakh units in the third quarter of the current fiscal. (Pixabay)

(PTI) TVS Motor Company on Tuesday mentioned its consolidated web revenue elevated by 28 per cent to ₹304 crore within the third quarter ended December 31, 2022.

The firm had reported a web revenue of ₹237 crore for the October-December interval of earlier fiscal.

Total income elevated to ₹8,075 crore throughout the quarter as towards ₹6,606 crore within the year-ago interval, TVS Motor Company mentioned in a regulatory submitting.

The firm mentioned its complete two-wheeler gross sales rose to eight.36 lakh items within the third quarter of the present fiscal as towards 8.35 lakh items within the quarter ended December 2021.

Two-wheeler exports rose to 2.07 lakh items as towards 2.53 lakh items in December 2021. Total three-wheeler gross sales declined to 43,000 items within the reporting quarter as towards 44,000 items within the quarter ended December 2021.

For the 9 months ended December 31, 2022, the corporate reported a web revenue of ₹974 crore as in contrast with ₹456 crore within the year-ago interval.

The firm’s board declared an interim dividend of ₹5 per share (500 per cent), absorbing a sum of ₹238 crore, for the monetary yr ending thirty first March 2023.

Shares of the corporate on Tuesday ended 0.44 per cent up at ₹986.20 apiece on the BSE.

 

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