TVS Motor Company's net profit for the second quarter increased by 23% compared to the same period last year, reaching Rs 663 crore. However, the company's shares on the Bombay Stock Exchange declined by 4% as the results did not meet some market expectations.
Despite the solid revenue and profit growth, investors have responded cautiously, expressing concerns about the company's ability to meet market forecasts.
The company also saw a 13% rise in standalone revenue from operations, totaling Rs 9,228 crore for Q2FY25.