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TVS Motor Company reports 35% rise in Q2 consolidated net profit

22 Oct 2021 Evaluate

TVS Motor Company has reported results for second quarter ended September 30, 2021.

The company has reported 41.45% rise in its net profit at Rs 277.60 crore for the quarter under review as compared to net profit of Rs 196.25 crore for the same quarter in the previous year. Total income of the company increased by 21.80% at Rs 5,622.90 crore for Q2FY22 as compared Rs 4,616.58 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 34.59% rise in its net profit attributable to owners of the company at Rs 242.17 crore for the quarter under review as against net profit of Rs 179.93 crore for the same quarter in the previous year. Total income of the company increased by 23.18% at Rs 6,491.18 crore for Q2FY22 as compared Rs 5,269.59 crore for the corresponding quarter previous year.

Peers
Company Name CMP
Bajaj Auto 9796.90
TVS Motor Company 3940.60
Hero MotoCorp 4936.00
Eicher Motors 6901.50
OLA Electric Mobilit 34.02
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