TVS Motor Q1 net up 149 pct, shares ease

Newswire

MADRAS, India, July 29 (Reuters) - TVS Motor Co Ltd, India's third-largest motorcycle maker, reported on Monday its April-June net profit leapt 149 percent from a year earlier, slightly below market expectations. First-quarter net profit rose to 267.8 million rupees ($5.5 million) from 107.6 million rupees in the year-ago period. The average of net profit estimates from three analysts polled by Reuters was 272 million rupees. The results, announced shortly before the market closed, ...

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