TVS Motor standalone net rises 9% to ₹288 cr.
The Hindu
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TVS Motor Company Ltd. on Monday reported third-quarter standalone net profit rose 9% to ₹288 crore.
The two- and three- wheeler manufacturer posted its highest operating revenue of ₹5,706 crore in the three months ended December, against ₹5,391 crore a year earlier. Profit before tax rose to a record ₹391 crore (₹362 crore), it said in an investor presentation.
The company said it had made several investments in its subsidiaries last quarter: ₹50 crore in the equity of TVS Motor Services Ltd., ₹115 crore in TVS Motor (Singapore) Pte. Ltd., and ₹75 crore in compulsorily convertible preference shares of Ultraviolette Automotive Pvt. Ltd.
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