TVS Srichakra Q3 net plummets 73% to ₹9 crore
The Hindu
TVS Srichakra Ltd.’s standalone net profit for the third quarter ending December plummeted 73% to ₹9 crore on spiralling input costs.Revenue from operations grew by 19% to ₹659 crore, while total expe
TVS Srichakra Ltd.’s standalone net profit for the third quarter ending December plummeted 73% to ₹9 crore on spiralling input costs.
Revenue from operations grew by 19% to ₹659 crore, while total expenditure increased by 28% to ₹648 crore, the company said in a regulatory filing.
Input costs increased to ₹427 crore from ₹319 crore. Change in inventories in the form of finished goods was in negative ₹24 crore from negative ₹31 crore in the year earlier.
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