INSUBCONTINENT EXCLUSIVE:
TVS Motor 3rd quarter profit: Analysts on average had expected a profit of Rs 167 crore.Auto manufacturer TVS Motor posted a
better-than-expected rise in third-quarter profit on Tuesday, aided by higher sales of its two- and three-wheeler vehicles.Profit rose 15.6
per cent to Rs 178 crore ($24.92 million) in three months ended December 31, from Rs 154 crore a year earlier, company said.Analysts on
average had expected a profit of Rs 167 crore, according to Refinitiv Eikon data.The company said sales of two-wheeler vehicles grew by 19
per cent while those of three-wheeler ones jumped 47 per cent, leading to a 26.1 per cent rise in revenue from operations.($1 = Rs 71.43)
