TVS Motor on Thursday reported a 123 per cent rise in September quarter net profit at Rs 54.8 crore, compared to Rs 24.5 crore in the same period last year. Revenue grew to Rs 1,616 crore from Rs 1,130 crore.
“A complete portfolio, complemented by sales from new and existing products, has led to a robust increase in TVS Motor Company’s domestic and export sales across all categories during the second quarter of this financial year. This has enabled the company to achieve revenue growth of 43 per cent during the quarter,” according to a company statement.
Profit before tax rose 181 per cent to Rs 68 crore from Rs 24 crore in the year-ago quarter.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app