TVS Motor has announced its fourth quarter results. The company’s Q4 net profit was up 105% at Rs 41.7 crore versus Rs 20.3 crore, year-on-year, YoY.
Its net sales were up 34% at Rs 1,604.6 crore versus Rs 1,192.4 crore, YoY.
However, on quarter-on-quarter basis net profit was down 24% at Rs 41.7 crore versus Rs 55 crore, QoQ.
TVS Motor says
Raw material costs have gone up significantly this year.
Overall growth was at 32%.
Will launch a new scooter this fiscal.
Repaid close to Rs 300 crore of debt.
Looking at entering markets like Colombia & Argentina.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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