Industry

TVS Motor Q3 net jumps to ₹266 crore

TVS Motor Co. Ltd.’s standalone net profit for the third quarter ended December 2020 more than doubled to ₹266 crore driven by strong growth in two-wheeler sales in the domestic and international markets.

Two-wheeler sales in the domestic market rose by 21% and international market by 31% ahead of the industry growth of 13% and 20% respectively.

The third quarter of FY20 had a one-time reversal of exceptional item of ₹76 crore.

The board on Thursday declared an interim dividend of ₹2.10 per share.


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Printable version | Jun 17, 2021 3:20:24 PM | https://www.thehindu.com/business/Industry/tvs-motor-q3-net-jumps-to-266-crore/article33687311.ece

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