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TVS Motor Reports 19% Fall In Q4 Net Profit
On Tuesday, TVS Motor Company reported a 19.2 percent decline in its standalone profit after tax (PAT) to Rs 133.8 crore for the fourth quarter (Q4) of 2018-19.
The company had posted a PAT of Rs 165.6 crore for the March 2018 ended quarter.
Its revenue from operations climbed to Rs 4,384.02 crore, compared with Rs 4,007.24 crore a year ago, the two-wheeler maker said in a regulatory filing.
TVS Motor Company's overall two-wheeler and three-wheeler sales, including exports, increased to 9.07 lakh units during the January-March quarter, as against 8.89 lakh units in the corresponding period last year.
For the complete financial year 2018-19, the company posted a 1.13 percent higher PAT of Rs 670.1 crore, from Rs 662.6 crore in 2017-18. Revenue from operations for FY19 stood at Rs 18,209.92 crore when compared to Rs 15,518.63 crore in FY18.
The company said its overall two-wheeler sales stood at 37.57 lakh units in the last financial year, compared with 33.67 lakh units in 2017-18.
Shares of the TVS Motor Company closed 4.03 percent lower at Rs 486 apiece on the BSE.
