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TVS Motor shares dip over 3% as March quarter profit plunges 43%

The company said it had successfully transitioned to BS-VI

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The company is cautiously optimistic about the second half of the current fiscal year

SI Reporter New Delhi
Shares of TVS Motor Company dipped 3.7 per cent to Rs 322.7 on the BSE on Friday after the company reported a 43.3 per cent decline in its consolidated net profit to Rs 81.85 crore for the quarter ended on March 2020 (Q4FY20).

The two-wheeler major's total income also declined 16.9 per cent from the year-ago quarter to Rs 4,128.67 crore. It reported profit before tax of Rs 114.83 crore as compared to Rs 217.19 crore during Q4FY19.

The company reported total sales of 32.63 lakh units in 2019-20 as against 39.14 lakh units in 2018-19. During the fourth quarter, the company’s

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