TVS Motor Co. Q1 net profit zooms 503.09% at Rs 320.54 cr
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e company reported standalone net profit of Rs 320.54 crore for the quarter ended June 30, 2022 as compared to Rs 53.15 crore in the same period last year, registering a year-on-year growth of 503.09 per cent. Net revenue of the company rose substantially by 52.72 per cent at Rs 6,008.71 crore in April-June quarter of this fiscal as against Rs 3,934.36 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 47.77 per cent to Rs 5,409.25 crore from Rs 3,660.58 crore in year ago period. Other Income grew by 1296.86 per cent at Rs 22.21 crore versus (Jun'21 Rs 1.59 crore). Operating Profit surged by 118.96 per cent to Rs 599.46 crore as against Rs 273.78 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 43.39 per cent in June quarter. Interest grew by 25.32 per cent y-o-y to Rs 37.57 crore, while Taxation increased by 486.33 per cent at Rs 111.52 crore (Jun'21 Rs 19.02 crore).
