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TVS Motor March quarter net slides 19% to Rs 134 cr on higher tax rate

Total income up 9.2% to Rs 4,388 crore from Rs 4,017 crore a year ago; full-year profit up 9% to Rs 725 cr

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T E Narasimhan Chennai
TVS Motor Company has posted at 19 per cent decline in net profit for the quarter ended March 31, 2019, at Rs 133.83 crore. The corresponding net profit the previous year was Rs 165.61 crore. The firm's total income grew 9.2 per cent to Rs 4,387.60 crore from Rs 4,016.75 crore a year ago. 

The company has said that the net profit figures aren't comparable as last year's quarter had a benefit of a lower tax rate of 13.8 per cent.

The net profit for the full year ended March 31, 2019 rose 9.12 per cent to Rs 725.40 crore from Rs

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First Published: Apr 30 2019 | 5:55 PM IST

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