MUMBAI: TVS Motor Company Ltd (TVS), maker of Apache motorcycles, reported a 45% year-on-year decline in its standalone net profit to ₹74 crore for the March quarter due to a 30% fall in its quarterly sales.

The company had reported a profit ₹134 crore in Q4 FY19. TVS Motors reported standalone revenue from operations for the quarter at ₹3,481 crore, down 21% from ₹4,384 crore in the year-ago period.

The results suggest the company cut its expenses for the March quarter by about 20%, largely led by reduced cost of materials consumed along with the finished goods related cost absorption.

TVS Motor’s FY20 standalone revenues were at ₹16,423 crore, down 10%, while profit was at ₹592 crore, down 12%. The company said it has implemented cost

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Jedward stage protest on top of a car in Hollywood during Black Lives Matter march

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Jedward chant on moving cars at Black Lives Matter protest and people are pleasantly surprised

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George Floyd state New Jersey city Minneapolis outbreak death SOLIDARITY Coronavirus

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Jedward protest atop car as they join Black Lives Matter march

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COVID-19

United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

Detail statistic

Q4 earnings: TVS Motor’s standalone profit declines 45% YoY

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