TVS Motor Company share price jumped almost 4 percent on July 30, a day after the company reported a consolidated net loss of Rs 15 crore for the first quarter ended June 30. It had reported a net loss of Rs 183 crore in the year-ago quarter.
The company’s total income increased to 4,692 crore in the first quarter as against Rs 1,946.35 in the same period of the financial year 2019-20, TVS Motor Company said in a regulatory filing. On a standalone basis, the company posted a net profit of Rs 53 crore during the first quarter.
It had reported a net loss of Rs 139 crore in the April-June period of last fiscal.
News Source:- Moneycontrol