TVS logs 45% rise in profit on record 2W, 3W sales
Business Standard|October 24, 2024
Sales grow 14%, registering the highest ever quarterly sales in September qtr
SHINE JACOB
TVS logs 45% rise in profit on record 2W, 3W sales

TVS Motor Company on Wednesday said its consolidated net profit increased 45 per cent to ₹560.49 crore in the quarter ended September 2024 (Q2FY25) due to the highest-ever overall quarterly two-wheeler and three-wheeler sales. The company had reported a net profit of ₹386.34 crore in Q2FY24.

The company's revenue from operations was seen up by 14 per cent to ₹11,301.68 crore in Q2FY25, compared to ₹9,932.82 crore during the same period of FY24.

The overall two-wheeler and three-wheeler sales, including exports, grew by 14 per cent, registering the highest-ever quarterly sales of 1.228 million units in Q2FY25 as against 1.074 million units recorded in Q2FY24.

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