TVS Motor shares dip over 3% as March quarter profit plunges 43%

Lincoln Wylie

Shares of TVS Motor Enterprise dipped three.7 for every cent to Rs 322.7 on the BSE on Friday following the organization described a 43.three for every cent decrease in its consolidated internet earnings to Rs 81.eighty five crore for the quarter ended on March 2020 (Q4FY20).

The two-wheeler major’s overall income also declined sixteen.nine for every cent from the year-back quarter to Rs 4,128.67 crore. It described earnings just before tax of Rs 114.83 crore as when compared to Rs 217.19 crore during Q4FY19.

The organization described overall revenue of 32.sixty three lakh units in 2019-twenty as against 39.14 lakh units in 2018-19. During the fourth quarter, the company’s in general two-wheeler and 3-wheeler revenue, like exports, stood at 6.33 lakh units as when compared with nine.07 lakh units registered in the quarter ended March 2019.

For 2019-twenty fiscal, TVS Motor described a internet earnings of Rs 646.80 crore as

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