TVS Motor Misses Q2 Profit Forecast on Weak Exports | Tech Reddy

[ad_1] Indian two-wheeler maker TVS Motor Company Ltd reported a lower-than-expected rise in second-quarter profit on Friday, hurt by higher costs and the economic slowdown in several of its key markets. The company’s profit rose 46.8% to 4.07 billion Indian rupees ($49.51 million) in the three months ended September 30, compared with 2.78 billion rupees … Read more

Ayesha Motors misses profit estimates as costs rise | Tech Reddy

[ad_1] India’s Eicher Motors Ltd missed analysts’ estimates for quarterly profit on Thursday, as costs at the Royal Enfield motorcycle maker rose 50%. The company’s consolidated net profit rose 76% year-on-year to 6.57 billion Indian rupees ($80.41 million) in the quarter ended Sept. 30, while income from operations rose 56.45% to 35.19 billion rupees. Analysts … Read more

Ayesha Motors misses profit estimate by 50% as costs rise | Tech Reddy

[ad_1] The company’s net profit rose 76% year over year to $80.41 million in Q2. Bangalore: Isher Motors Ltd fell short of analysts’ estimates for quarterly profit on Thursday as costs at the Royal Enfield motorcycle maker rose 50%. The company’s consolidated net profit rose 76% year-on-year to 6.57 billion Indian rupees ($80.41 million) in … Read more