TVS Motor profit dips by 7% to Rs 127 crore in Q4

Profit is net of one-time provision of Rs 57 cr for discounts towards BS-III products

Two-wheeler major TVS Motor on Thursday reported 6.80 per cent decline in net profit at Rs 126.77 crore for the quarter ended March 31, 2017 against Rs 136.03 crore in the corresponding quarter last year. 

Total income of the company jumped 1.57 per cent year-on-year (YoY) to Rs 3,139.22 crore for the quarter under review against Rs 3,090.77 crore in the same period last year.

The profit for the quarter is net of one time provision of Rs 57 crores of discounts towards such BS III products sold by the dealers in March 2017.

Revenue from operations reported for the