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TVS Motor Company reports 49% rise in Q1 consolidated net profit

24 Jul 2023 Evaluate

TVS Motor Company has reported results for first quarter ended June 30, 2023 (Q1FY24). 

The company has reported 45.90% rise in its net profit at Rs 467.67 crore for the quarter under review as compared to Rs 320.54 crore for the same quarter in the previous year. Total income of the company increased by 20.64% at Rs 7275.47 crore for Q1FY24 as compared Rs 6030.92 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 48.77% rise in net profit at Rs 441.47 crore for the quarter ended June 30, 2023 as compared to Rs 296.75 crore for the same quarter in the previous year. Total income of the company increased by 24.42% at Rs 9142.05 crore for Q1FY24 as compared Rs 7347.83 crore for the corresponding quarter previous year.

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