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TVS Motor Q2 profit rises 20 pct, meets estimates
November 1, 2017 / 7:51 AM / in 22 days

TVS Motor Q2 profit rises 20 pct, meets estimates

Nov 1 (Reuters) - TVS Motor Company Ltd reported a 20 percent rise in quarterly profit on Wednesday, matching analysts’ estimates, as it sold about 16 percent more two wheelers than the year-ago quarter.

Profit for the quarter ended Sept. 30 came in at 2.13 billion rupees ($33 million) compared with 1.77 billion rupees last year. bit.ly/2z3hULJ

Analysts on average were expecting a profit of 2.13 billion rupees, according to Thomson Reuters data.

The company’s total two-wheeler sales volume, including exports, rose to 923,000 units from 795,000 vehicles earlier. ($1 = 64.5375 Indian rupees) (Reporting By Arnab Paul and Samantha Kareen Nair in Bengaluru; Editing by Amrutha Gayatri and Biju Dwarakanath)

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