TVS Motor Q1 net dips; co sees 'more positive' growth in Q2

gopalakrishna · 07-28-2008, 06:35 PM

India's TVS Motor Co. Ltd. posted a lower first-quarter net profit but forecast "more positive growth" in the second quarter.

For the quarter to June 30 2008, net profit fell to 70.2 million rupees from 75.6 million a year earlier. Revenue rose to 9.24 billion rupees from 8.02 billion in the same comparison

Scooter sales fell to 65,500 units from 70,200 units. "This was mainly due to disruption in the supply of components by some of the tier II vendors," TVS said, adding the problem has now been resolved.

The company exported 42,500 two-wheelers, representing growth of 50 percent over the same period of last year.

TVS Motors shares closed 1.90 percent up at 29.55 rupees, while the benchmark Sensex of the Bombay Stock Exchange closed 0.52 percent up at 14,349.11. TFN.

07-28-2008, 06:35 PM	#1 (permalink)
gopalakrishna Status: Senior Member Join Date: Jul 2008 Posts: 406	TVS Motor Q1 net dips; co sees 'more positive' growth in Q2 India's TVS Motor Co. Ltd. posted a lower first-quarter net profit but forecast "more positive growth" in the second quarter. For the quarter to June 30 2008, net profit fell to 70.2 million rupees from 75.6 million a year earlier. Revenue rose to 9.24 billion rupees from 8.02 billion in the same comparison Scooter sales fell to 65,500 units from 70,200 units. "This was mainly due to disruption in the supply of components by some of the tier II vendors," TVS said, adding the problem has now been resolved. The company exported 42,500 two-wheelers, representing growth of 50 percent over the same period of last year. TVS Motors shares closed 1.90 percent up at 29.55 rupees, while the benchmark Sensex of the Bombay Stock Exchange closed 0.52 percent up at 14,349.11. TFN. __________________ [SIZE="2"][/size]

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