TVS Motor Q4 net dips 43 pc dip at Rs 82 cr

TVS Motor Company on Thursday reported a 43.3 per cent decline in its consolidated net profit to Rs 81.85 crore for the fourth quarter ended on March 31, 2020. The company had posted a net profit of Rs 144.37 crore in the January-March period of 2018-19 fiscal.

Total income stood at Rs 4,128.67 crore for the fourth quarter as compared with Rs 4,967.03 crore in the same period of 2018-19 fiscal, TVS Motor Company said in a regulatory filing. During the fourth quarter, the company's overall two-wheeler and three-wheeler sales, including exports, stood at 6.33 lakh units as compared with 9.07 lakh units registered in the quarter ended March 2019.

For 2019-20 fiscal, the company reported a net profit of Rs 646.80 crore as against Rs 725.40 crore in 2018-19. Total income during the last fiscal stood at Rs 18,901.14 crore as compared with Rs 20,185.43 crore in 2018-19. The company reported total sales of 32.63 lakh units in 2019-20 as against 39.14 lakh units in 2018-19.