TVS Motor Company’s May sales dip 5%

Two-wheeler and three-wheeler manufacturer TVS Motor Company’s total sales volume for the May month has dipped by 5.34% as compared to the corresponding period of 2011. The company registered 176,012 units in May 2012 against 185,930 units in May 2011.

Company's exports dipped by 12.7% in May 2012 to 22817 units against 26168 units in the corresponding month of the previous year. Its two-wheelers segment sales fell by 438% at 173,092 units as compared to 181891 units Company’s three-wheelers slipped 28% to 2,920 units last month against 4039 units in May, 2011.

The company has registered 31.02% surge in its standalone net profit for the quarter ended March 31 at Rs 57.23 crore as compared to Rs 43.68 crore in the corresponding period last year. The surge in net profit is mainly due to lower tax expenses. The total income from operations of the company in the fourth quarter, however, decreased marginally to Rs 1,627.17 crore from Rs 1,635.29 crore in the year-ago period.

For the entire 2011-12 financial year, the company posted 3.18% rise in its consolidated net profit at Rs 131.64 crore from Rs 127.58 crore in the previous fiscal. Moreover, the consolidated total income from operations in FY'12 also went up by 13.40% to Rs 7,419.84 crore from Rs 6,542.98 crore in FY'11.