Published on 22/07/2019 5:19:52 PM | Source: Dion Global Solutions Ltd

TVS Motor Co. Q1 net profit down 2.94% at Rs 142.30 cr

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The company reported standalone net profit of Rs 142.30 crore for the quarter ended June 30, 2019 as compared to Rs 146.61 crore in the same period last year, registering a year-on-year decline of 2.94 per cent. Net revenue of the company rose moderately by 7.58 per cent at Rs 4,468.62 crore in April-June quarter of this fiscal as against Rs 4,153.70 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 6.90 per cent to Rs 4,112.83 crore from Rs 3,847.24 crore in year ago period.

Other Income dipped by 93.07 per cent at Rs 1.20 crore versus (Jun'18 Rs 17.32 crore). Operating Profit surged by 16.10 per cent to Rs 355.79 crore as against Rs 306.46 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 7.86 per cent in June quarter. Interest grew by 61.54 per cent y-o-y to Rs 29.11 crore, while Taxation increased by 0.61 per cent at Rs 66.21 crore (Jun'18 Rs 65.81 crore).