TVS Motor reports 21% rise in Q1 net profit

TVS Motor Company has reported results for first quarter ended June 30, 2016.

The company has reported 21.15% rise in its net profit at Rs 121.25 crore for the quarter ended June 30, 2016 as compared to Rs 100.08 crore for the same quarter in the previous year. The company’s total income increased by 12.41% to Rs 2917.11 crore for the quarter under review from Rs 2595.10 crore for the corresponding quarter of the previous year.

TVS Motor Company is engaged in manufacturing of two-wheeler vehicles. Its products include automobile component, components distribution, powered two-wheelers, computer peripherals, financial services, contract manufacturing services and software development.