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TVS Motor Company reports consolidated net profit of Rs 297 crore in Q1

29 Jul 2022 Evaluate

TVS Motor Company has reported results for first quarter ended June 30, 2022.

The company has reported 6-fold jump in its net profit at Rs 320.54 crore for the quarter under review as compared to Rs 53.15 crore for the same quarter in the previous year. Total income of the company increased by 53.23% at Rs 6,030.92 crore for Q1FY23 as compared Rs 3,935.95 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported net profit of Rs 296.75 crore for the quarter under review as compared to net loss of Rs 14.72 crore for the same quarter in the previous year. Total income of the company increased by 56.60% at Rs 7,347.83 crore for Q1FY23 as compared Rs 4,692.03 crore for the corresponding quarter previous year.

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