TVS Motor's Q2 net profit sees marginal decline; total income rises 22%

During the quarter ended September 30, 2018, the overall two-wheeler sales of the Company including exports grew by 13.6% to 1.05 mn units from 0.92 mn units in the Q2FY18

Automobile manufacturer TVS Motor has posted a marginal decline in its net profit at Rs 2.11 billion during the quarter ended September 2018 (Q2FY19), as against Rs 2.13 billion during the same quarter last year (Q2FY18). The total income, however, registered a growth of 21.9 per cent during the quarter at Rs 49.94 billion compared to Rs 40.98 billion during the corresponding quarter last year.

The company said that the Ebitda for the quarter ended September 2018 stood at Rs 4.28 billion compared to Rs 3.62 billion during the same quarter last year, a growth of 18.1 per cent.

During