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TVS Motor Company reports 59% rise in Q2 consolidated net profit

05 Nov 2022 Evaluate

TVS Motor Company has reported results for second quarter ended September 30, 2022.

The company has reported a rise of 46.78% in its net profit at Rs 407.47 crore for the quarter under review as compared to Rs 277.60 crore for the same quarter in the previous year. Total income of the company increased by 28.41% at Rs 7220.55 crore for Q2FY23 as compared Rs 5622.90 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported rise of 59.32% in its net profit at Rs 373.40 crore for the quarter under review as compared to Rs 234.37 crore for the same quarter in the previous year. Total income of the company increased by 32.34% at Rs 8590.56 crore for Q2FY23 as compared Rs 6491.18 crore for the corresponding quarter previous year.

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