TVS Motor Q3 Results: Profit Rises As Margin Improves But Misses Estimates

TVS Motor's Q3 revenue surged 22% to Rs 8,066.1 crore, against an estimate of Rs 6,333.7 crore.

TVS Motor Q3 Results: Profit Rises As Margin Improves But Misses Estimates

TVS Motor Co.’s consolidated net profit rose in the third quarter as average selling prices increased even though sales remained flat. However, it missed estimates.

The company’s consolidated net profit rose 23% year-on-year to Rs 303.9 crore in the quarter ended December, according to its exchange filing. That compares with the Rs 309.8 crore consensus estimate of analysts tracked by Bloomberg.

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