Business

One-time gain boosts TVS Motor Q2 net

Firm’s two-wheeler, motorcycle sales dip, exports rise 6%

TVS Motor Co. Ltd. has reported a 20.85% growth in its stand-alone net profit to ₹255 crore for the second quarter ended September 2019 helped by a one-time exceptional gain of ₹76 crore, pre-tax.

Total exports rose 6% to 2.11 lakh units.

Total income slumped to ₹4,353 crore from ₹4,994 crore. said the company in a regulatory filing.

Motorcycle sales stood at 3.42 lakh units (4.20 lakh units) and scooter sales at 3.33 lakh units (3.88 lakh units). Three-wheeler sales stood at 43,000 units (40,000 units). On Thursday, shares of the company gained 6.26% to close at ₹437.15 on the BSE.

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Printable version | Jul 11, 2020 4:27:48 AM | https://www.thehindu.com/business/one-time-gain-boosts-tvs-motor-q2-net/article29728336.ece

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