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TVS Motor Company reports 26% fall in Q3 consolidated net profit

05 Feb 2020 Evaluate

TVS Motor Company has reported results for third quarter ended December 31, 2019.

The company has reported a fall of 32.13% in its net profit at Rs 121.07 crore for the quarter under review as compared to Rs 178.39 crore for the same quarter in the previous year. Total income of the company decreased by 11.54% at Rs 4126.35 crore for Q3FY20 as compared Rs 4664.63 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 26.14% in its net profit attributed to owners at Rs 150.61 crore for the quarter under review as compared to Rs 203.91 crore for the same quarter in the previous year. Total income of the company decreased by 6.72% at Rs 4779.32 crore for Q3FY20 as compared Rs 5123.50 crore for the corresponding quarter previous year.

Peers
Company Name CMP
Bajaj Auto 9650.00
TVS Motor Company 3860.00
Hero MotoCorp 4860.00
Eicher Motors 6790.00
OLA Electric Mobilit 34.50
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