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TVS Motor Co fourth-quarter profit up 31 percent, lags Street


(Reuters) - India's TVS Motor Company Ltd posted an about 31 percent increase in quarterly profit on Wednesday, helped by higher vehicle sales at home and growth in exports, but missed analysts' estimates.Net profit came in at 1.66 billion rupees ($24.47 million) for the fourth quarter ended March 31, compared with a profit of 1.27 billion rupees a year earlier, the company said Analysts on average expected a quarterly profit of 2.04 billion rupees, Thomson Reuters Eikon data showed.Overall two-wheeler and three-wheeler sales in the quarter grew 31.7 percent to 889,000 ...

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First Published: Wed, May 16 2018. 14:34 IST