The Chennai-based TVS Group company's profit fell 54.2 per cent from Rs 9 crore in the corresponding period of the previous financial year, Wheels India said in a BSE filing.
Total income from operations in the third quarter declined to Rs 422.37 crore from Rs 440.95 crore a year earlier.
For the nine months ended December 31, profit slipped 26 per cent to Rs 19.63 crore, while total income from operations declined to Rs 1,337.88 crore from Rs 1,457.07 crore.
Wheels India shares gained 1.77 per cent to Rs 829 at the close on the BSE.
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