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TVS Motor reports 88% rise in Q3 consolidated net profit

29 Jan 2021 Evaluate

TVS Motor Company has reported results for third quarter ended December 31, 2020.

The company has reported over 2-fold jump in its net profit at Rs 265.62 crore for the quarter under review as compared to Rs 121.07 crore for the same quarter in the previous year. Total income of the company increased by 30.96% at Rs 5,403.74 crore for Q3FY21 as compared Rs 4,126.35 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 88.33% in its net profit attributed to the owners at Rs 283.65 crore for the quarter under review as compared to Rs 150.61 crore for the same quarter in the previous year. Total income of the company increased by 27.88% at Rs 6,111.56 crore for Q3FY21 as compared Rs 4,779.32 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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