TVS Motor clocks Rs 196.41 cr profit in Q2, reports revenue of Rs 4,617 cr

Production and sales improved from July as supply chain was strengthened despite the Covid-19 pandemic, says company.

TVS Motor on Wednesday reported a profit of Rs 196.41 crore during the quarter ended September 30, 2020 as compared to Rs 255.01 crore a year ago. The company reported a revenue of Rs 4,617 crore in the second quarter of 2020-21 as against Rs 4,353 crore in the second quarter of 2019-20, registering a growth of 6 per cent. 

TVS Motor said it strengthened supply chain in the second quarter during Covid-19 pandemic. Production and sales improved from July onwards. Strong focus on cost reduction initiatives helped the company to improve EBITDA for the quarter to 9.3 per cent