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TVS Motor Company on Tuesday reported a 20.7 per cent decline in consolidated net profit at Rs 156.84 crore for the third quarter ended on December 31, 2019, hit by lower sales during the period.
The company had posted a net profit of Rs 197.79 crore in the December quarter of 2018-19.
Total income of the company declined to Rs 4,779.32 crore for the third quarter as compared with Rs 5,123.50 crore in the year-ago period, TVS Motor Company said in a regulatory filing.
The company said its overall two-wheeler sales during the third quarter ended December 2019 stood at 7.73 lakh units
