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TVS Srichakra Ltd Q1FY24; 5% fall in Revenue

TVS Srichakra, incorporated in 1982, is part of the TVS automotive-ancillary group. It is a manufacturer and exporter of Two and Three-Wheeler tyres and Off-Highway tyres. It is a major OEM supplier to TVS motors and many other leading brands.

Financial Results:

TVS Srichakra Ltd reported Revenues for Q1FY24 of ₹702.00 Crores down from ₹737.00 Crore year on year, a fall of 4.75%.

Total Expenses for Q1FY24 of ₹678.00 Crores down from ₹737.00 Crores year on year, a fall of 8.01%.

Consolidated Net Profit of ₹21.00 Crores from -₹2.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹27.36, from -₹2.86 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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