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TVS Motor reports four-fold increase in Q4 profit to Rs 319 crore

Revenue from operations rose to Rs 6,131.90 crore in the fourth quarter from Rs 4,104.71 crore in the same period of 2019-20 fiscal, TVS Motor said in a regulatory filing.

April 28, 2021 / 07:21 AM IST

TVS Motor Company on April 27 posted nearly four-fold increase in its consolidated net profit to Rs 319.19 crore for the fourth quarter ended March 31, 2021, riding on the back of robust sales in the domestic and international markets.

The company had reported a net profit of Rs 81.84 crore during the January-March quarter of 2019-20.

Revenue from operations rose to Rs 6,131.90 crore in the fourth quarter from Rs 4,104.71 crore in the same period of 2019-20 fiscal, TVS Motor said in a regulatory filing.

During the period under review, the company said its total two-wheeler and three wheeler sales across domestic and international markets stood at 9.28 lakh units, up 47 percent from 6.33 lakh units sold in the fourth quarter of 2019-20.