TVS Motor Q1 profit up 7% at Rs 129 cr; misses estimates

Profit included provision of Rs 16.5 cr, which was offered to dealers as additional discount

TVS
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T E Narasimhan Chennai
TVS Motor Co Ltd posted a nearly 7 percent rise in quarterly profit on Friday at Rs 129 crore in the first quarter ended June 30, compared with Rs 121 crore a year ago.

Profit included provision of Rs 16.5 crore, which was offered to dealers as additional discount to clear out inventory before the launch of GST on July 1.

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First Published: Aug 11 2017 | 4:30 PM IST

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