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The cost of materials consumed during the month of September increased by 20.1% to 3,696 crores.
Auto maker TVS Motor Co Ltd recorded a decline of about 1% in its profits in the second quarter on Tuesday, dampened by rising commodity prices. Profits reached Rs 211 crore ($ 28.64 million) in the quarter ended September 30, compared to Rs 213 crore a year ago, outpacing badysts' estimates of 210 crores, according to reports. Refinitiv data. The cost of materials consumed during the September quarter increased by 20.1% to 3,696 crores.
The two- and three-wheel vehicle manufacturer sold about 1.1 million vehicles in the quarter, resulting in a 22.8% increase in trading revenues.
(1 $ = 73.6725 Indian rupees)
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