TVS Motor Company on Thursday reported a 84.7 per cent increase in consolidated net profit at Rs 289.69 crore for the third quarter ended December, riding on the back of higher sales.
The company had posted a net profit of Rs 156.84 crore in the October-December period of the previous fiscal.
Consolidated revenue from operations increased to Rs 6,094.91 crore for the third quarter as against Rs 4,765.99 crore in the same period of 2019-20, TVS Motor Company said in a statement.
On a standalone basis, the company reported a net profit of Rs 265.62 crore, its highest ever in a quarter.
The company had posted a net profit of Rs 121.07 crore in the October-December period of the previous fiscal.
Revenues during the period under review rose 31 per cent to Rs 5,404 crore, its highest ever in a quarter as compared with Rs 4,126 crore in the third quarter of 2019-20.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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