Advertisement

  • News
  • Columns
  • Interviews
  • BW Communities
  • Events
  • BW TV
  • Subscribe to Print
  • Editorial Calendar 19-20
BW Businessworld

TVS Motor Q2 Profit Rises 20%, Meets Estimates

Profit for the quarter ended September 30 came in at Rs 2.13 billion ($33 million) compared with 1.77 billion rupees last year.

Photo Credit : Reuters

1483440916_8IhIwO_Twowheelers470.jpg

TVS Motor Company reported a 20 per cent rise in quarterly profit on Wednesday, matching analysts' estimates, as it sold about 16 percent more two wheelers than the year-ago quarter.

Profit for the quarter ended September 30 came in at Rs 2.13 billion ($33 million) compared with 1.77 billion rupees last year.

Analysts on average were expecting a profit of Rs 2.13 billion, according to Thomson Reuters data.

The company's total two-wheeler sales volume, including exports, rose to 923,000 units from 795,000 vehicles earlier.

(Reuters)


Tags assigned to this article:
auto tvs motor two-wheelers