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TVS Srichakra Ltd Q2FY24; 3% rise in Profits

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 Q2FY24 of ₹740.00 Crores down from ₹834.00 Crore year on year, a fall of 11.27%.

Total Expenses for Q2FY24 of ₹685.00 Crores down from ₹783.00 Crores year on year, a fall of 12.52%.

Consolidated Net Profit of ₹39.00 Crores up 2.63% from ₹38.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹51.09, up 2.36% from ₹49.91 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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