TVS Motor Company has reported results for the fourth quarter and year ended March 31, 2020.
The Company has reported a fall of 44.80% in its net profit at Rs 73.87 crore for the quarter under review as compared to Rs 133.83 crore for the same quarter in the previous year. Total income of the company decreased by 20.08% at Rs 3506.53 crore for Q4FY20 as compared Rs 4387.60 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a fall of 46.51% in its net profit attributable to owner of the company of Rs 74.04 crore for the quarter under review as compared to Rs 138.43 crore for the same quarter in the previous year. Total income of the company decreased by 16.88% at Rs 4128.67 crore for Q4FY20 as compared Rs 4967.03 crore for the corresponding quarter previous year.
For the year ended March 31, 2020, the company has reported a fall of 11.62% in its net profit at Rs 592.25 crore as compared to Rs 670.14 crore for the previous year. Total income of the company decreased by 9.67% at Rs 16455.44 crore for year under review as compared to Rs 18217.46 crore for year ended March 31, 2019.
For the year ended March 31, 2020, on the consolidated basis, the company has reported a fall of 11.36% in its net profit attributable to owner of the company of Rs 624.62 crore as compared to Rs 704.67 crore for the previous year. Total income of the company decreased by 6.36% at Rs 18901.14 crore for year under review as compared to Rs 20185.43 crore for year ended March 31, 2019.
