TVS Motor Company has reported results for fourth quarter (Q4) and year ended March 31, 2023.
The company has reported 49.46% rise in its net profit at Rs 410.27 crore for the quarter under review as compared to Rs 274.50 crore for the same quarter in the previous year. Total income of the company increased by 20.53% at Rs 6675.28 crore for Q4FY23 as compared to Rs 5538.49 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported rise of 22.21% in its net profit at Rs 335.67 crore for fourth quarter ended March 31, 2023 as compared to Rs 274.67 crore for the same quarter in the previous year. Total income of the company increased by 22.73% at Rs 8098.54 crore for Q4FY23 as compared to Rs 6598.75 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 66.86% rise in its net profit at Rs 1491.03 crore as compared to Rs 893.56 crore for the previous year. Total income of the company increased by 27.24% at Rs 26478.66 crore for year under review as compared to Rs 20809.50 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 79.16% rise in its net profit at Rs 1309.46 crore as compared to Rs 730.88 crore for the previous year. Total income of the company increased by 31.67% at Rs 32111.99 crore for year under review as compared to Rs 24388.18 crore for year ended March 31, 2022.
