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TVS Motor Q2 Preview
India's TVS Motor misses Q2 profit view on higher costs
Indian two-wheeler maker TVS Motor Company reported a lower-than-expected quarterly profit on Wednesday hurt by higher costs, even as demand was stable. 'Jupiter' scooter maker's profit rose 23.5% to 6.
TVS Q2 Results: Apache motorcycle maker's profit grows 23.5% to Rs 663 crore, misses Street estimates
Two- and three-wheeler maker TVS Motor Company reported its quarterly financial results on Wednesday, October 23.
TVS Motor Company Q2 Net Profit Rises 41 Per Cent To Rs 588.13 Crore
The total expenses in the quarter under review were higher at Rs 10,427.64 crore as compared to Rs 9,297.34 crore in the same period a year ago.
TVS Motor Q2: Net Profit Up 23% To ₹662.62Cr, Misses Estimates
TVS Motor Company’s shares fell 3% after the company announced its Q2 results on Wednesday afternoon. What Happened: TVS Motor reported a standalone net profit of ₹662.62 crore, a 23.49% year-on-year increase from the previous year.
TVS Motor Q2 Results: Profit jumps 23% YoY to Rs 663 crore, but misses estimates
Both net profit and revenue missed Street estimates, which were pegged at Rs 669 crore and Rs 9,534 crore, respectively.
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