[ad_1]
Two-wheeler flagship, TVS Motor Company has seen a stand-alone profit ₹407.47 million for the quarter ending September 30, 2022 (Q2FY23) compared to the profit ₹277.60 million, registering a growth of 46.78% yoy. Q2 PAT also increased by 27.12% from ₹320.54 million in the previous quarter. On Thursday, the company’s board of directors approved the issuance of zero-coupon bonds.
Independent income from operations was stagnant ₹7,219.18 crore in Q2FY23 up 28.47% from ₹5,619.41 crore in Q2 of the previous fiscal. The latest revenue is up 20.15% compared to ₹6,008.71 crore in Q1FY23.
During the quarter, TVS Motor posted sales of 10,27,437 units compared to 9,16,705 units in Q2FY22 and 9,06,791 units in Q1FY23.
According to a regulatory filing, TVS Motor’s board has approved the issuance of consolidated ZCDs. ₹310 crore in one or more tranches to the wholly owned subsidiary of Sundaram Auto Components.
Get all Company News and Updates on Live Mint. Download Mint News App to get Daily Market Updates and Live Business News.
More less
[ad_2]
Source link