TVS Motor Company’s results do not show an improvement over the September quarter, as sales and net profit rose by just 2% each. But it has done much better over the year ago period.
TVS Motors, the Chennai-based two-wheeler company, with a market capitalization of Rs 2,947 crore saw its December 2010 quarter sales increase by just 2% over the September quarter to Rs 1,647 crore. Net profit too rose by 2% sequentially to Rs 56 crore.