TVS Motor Apr-June profit drops 7 pct


MUMBAI, July 28 (Reuters) - TVS Motor Co , India's No 3 motorcycle maker, posted a marginal 7 percent drop in April-June net profit despite higher sales as the year ago quarter had the benefit of an extraordinary item. For the April to June period, TVS Motor posted a net profit of 70.2 million rupees. The year-ago quarter had 72.2 million rupees worth of exceptional net credit, the company said in a statement. Revenue rose to 9.2 billion rupees from 8.01 billion rupees on the back of ...

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