TVS Motor posts Rs 139 cr in first quarter as Covid-19 impacts sales

TVS Motor Company on Wednesday reported a standalone net loss of Rs 139.1 crore for the first quarter ended June 30, with Covid-19 severely impacting sales during the period.

The company had posted a profit after tax of Rs 142.3 crore for April-June, 2019-20.

The revenue on a standalone basis in the period under review declined to Rs 1,434.3 crore from Rs 4,469.8 crore in the year-ago period, TVS Motor Company said in a statement.

The company's overall two-wheeler sales, including exports, stood at 25,000 units during the first quarter as against 884,000  units reported in the year-ago period.

Motorcycle