TVS Motor fourth quarter profit falls about 7 percent, but beats estimates


REUTERS - India's TVS Motor Co Ltd said on Thursday net profit fell nearly 7 percent in the fourth quarter hurt by lower motorcycle sales at home, but beat analysts' estimates.The company said net profit came in at 1.27 billion rupees ($19.80 million) in the March quarter, while total income climbed 1.

6 percent to 31.39 billion rupees. (http://bit.ly/2p6IPjW)The company also said profit for the quarter was impacted by by a one-time provision of 570 million rupees towards discounts for BS III compliant vehicles sold by the dealers in March......

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