TVS Motor back in black, Q1 consolidated net profit zooms to Rs 305 crore

Motorcycle sales registered 4.34 lakh units against 4.05 lakh units in the quarter ended June 2021.

Chennai-based two- and three-wheeler major TVS Motor Company posted a consolidated net profit of Rs 305.37 crore during the first quarter of the financial year 2022-23 (Q1FY23) as compared to a loss of Rs 10.55 crore during the April to June quarter of 2021-22 (Q1FY22), owing to an increase in sales volume.

The company’s revenue from operations was seen at Rs 7,315.7 crore, up 56 per cent from Rs 4,689.34 crore during the same period last financial year. On a standalone basis, it reported a profit after tax (PAT) of Rs 321 crore as against Rs 53 crore during the