//TVS Motor Company Q2 profit flat at Rs 211 crore

TVS Motor Company Q2 profit flat at Rs 211 crore

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TVS Motor Company on Tuesday reported flat growth in profit at Rs 211.31 crore for quarter ended September 30. The
two-wheeler firm had posted a profit of Rs 213.16 crore in the corresponding quarter last year.

Analysts in an ET Now poll had estimated the profit figure at Rs 210 crore.

Revenue from operations jumped 22.85 per cent to Rs 4,993.47 crore in Q2FY19 over Rs 4,064.72 crore in Q2FY18.

EBITDA for the quarter ended September 30 stood at Rs 428.2 crore compared with Rs 362.6 crore last year, a growth of 18.1 per cent.

During the quarter, the overall two-wheeler sales of the company including exports grew by 13.6 per cent to 10.49 lakh units from 9.23 lakh units in the quarter ended September 2017.

The board at its meeting also declared an interim dividend of Rs 2.10 per share for the year 2018-19, absorbing a sum of Rs 120.28 crore, including dividend distribution tax.