TVS Motor Q1 net profit declines 3% to Rs 142.30 crore, sales up 7%

While scooter sales grew by 2.3 per cent, motorcycle sales saw growth of 7.7 per cent, moped sales declined by 21 per cent

TVS Motor Company has reported a 3 per cent decline in net profit at Rs 142.30 crore  for the first quarter ended June 30. It had posted a net profit of Rs 146.61 crore in the year-ago period.
 
The company's total income grew 7.2 per cent to Rs 4,469.82 crore during the quarter ended June 30, as against Rs 4,171.02 crore during the same quarter last year.
 
TVS Motor Director and Chief Executive Officer K N Radhakrishnan said the company performed better and its sales saw a decline of just 1 per cent despite a 9.7 per cent