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TVS Motor net profit down 14 per cent at Rs 275 crore in Q4

New Delhi, May 5 (PTI) TVS Motor Company on Thursday said its consolidated net profit for the fourth quarter ended March 2022 declined 14 per cent to Rs 275 crore due to lower sales.

The company had posted a consolidated net profit of Rs 319 crore in the corresponding period of the previous financial year.

TVS Motor Company said in a communication to the stock exchanges that its operating income rose to Rs 6,585 crore during the period under review as against Rs 6,132 crore in the year-ago period.

The company posted 20 per cent growth in consolidated net profit of Rs 731 crore in FY 2021-22 as against Rs 607 crore in the same period a year ago.

Operating income increased to Rs 24,355 crore in the last financial year as compared to Rs 19,421 crore in the financial year 2020-21.

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