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TVS Motor Company reports 29% fall in Q2 consolidated net profit

30 Oct 2020 Evaluate

TVS Motor Company has reported results for the second quarter ended September 30, 2020.

The company has reported a fall of 23.04% in its net profit at Rs 196.25 crore for the quarter under review as compared to net profit of Rs 255.01 crore for the same quarter in the previous year. However, total income of the company increased by 6.06% at Rs 4616.58 crore for Q2FY21 as compared Rs 4352.74 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 29.04% in its net profit attributable to owner at Rs 179.93 crore for the quarter under review as compared to net profit of Rs 253.57 crore for the same quarter in the previous year. However, total income of the company increased by 6.09% at Rs 5269.59 crore for Q2FY21 as compared Rs 4966.88 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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