TVS Group firm Wheels India today reported 5.65 per cent rise in net profit at 5.98 crore for the quarter ended December 2015.
The Chennai-based company's net profit was Rs 5.66 crore during the corresponding quarter of last fiscal, Wheels India said in a statement.
For the nine-month period ending December 31, net profit of the firm went up to Rs 23.02 crore from Rs 22.98 crore in the year-ago period, it added.
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However, the company's total income from operations for the October-December quarter slipped to Rs 469.84 crore from Rs 476.63 crore registered during the same period a year ago.
For the April-December period, total income from operations stood at Rs 1,479.70 crore as against Rs 1,480.57 crore in the same period of last fiscal.
"Our CV business has registered a decent growth based on the recovery in the medium and heavy commercial vehicle segment and we are hoping this will continue in Q4 as well", Wheels India MD Srivats Ram said.
