TVS Motor Q2 net jumps two-fold at Rs 54 cr

Chennai-based TVS Motor Company today reported an over two-fold jump in its net profit for the quarter ended September at Rs 54.78 crore.

The company has posted a net profit of Rs 24.55 crore in the same quarter a year ago.

Total income during the second quarter stood at to Rs 1,618.73 crore, as against Rs 1,132.36 crore in the year-ago quarter, up 42.95 per cent.

The company's scrips traded at Rs 76.25 per share, up 2.9 per cent from the previous close on the Bombay Stock Exchange.