BackTVS Motor Q1 profit jumps 21% to ₹121.25 crore
1 min read
26 Jul 2016, 10:13 PM IST
Net sales rose to `2,852.59 crore from `2,543.59 crore a year ago
PremiumChennai: TVS Motor Co. Ltd reported a 21.2% increase in first-quarter profit, missing analysts’ estimates.
Net profit at the two-wheeler maker increased to ₹ 121.25 crore from ₹ 100.08 crore a year earlier. A Bloomberg survey of analysts had estimated a profit of ₹ 123.10 crore.
Net sales rose to ₹ 2,852.59 crore from ₹ 2,543.59 crore a year ago.
Analysts estimated sales at ₹ 3, 051.60 crore.
On Tueday, TVS Motor’s shares fell 3.08% to ₹ 291.40 on BSE, while the exchanges Sensex lost 0.42%.
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Published: 26 Jul 2016, 04:35 PM IST
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