TVS Motor Q2 net up 59% to Rs 373 cr amid slowdown, inflation roadblocks

Revenue from operations up 32% to Rs 8,561 cr; chip shortage hinders an even better show

Chennai-based two-wheeler major TVS Motor Company has posted a 59 per cent jump in consolidated net profit for the second quarter of 2022-23 to Rs 373.4 crore, from Rs 234.37 crore during the same quarter of FY22.

The company’s revenue from operations rose by 32 per cent during the quarter under review to Rs 8,560.76 crore, from Rs 6,483.42 crore a year ago. This was delivered despite challenges in the international markets, caused by the economic slowdown and higher inflation in a few key markets, the company said in a statement.  

Though premium motorcycle sales improved over the first quarter,