TVS Srichakra posts July-September quarter net at Rs 20.26 cr

Chennai: TVS Srichakra Ltd on Wednesday reported a 31.4 per cent decline on its standalone net profits at Rs 20.26 crore for the July-September quarter.

The Tamil Nadu-based tyre manufacturer had recorded net profits at Rs 29.57 crore during corresponding quarter of previous year, TVS Srichakra Ltd said in a BSE filing.

For the half year ending September 30, 2019 standalone net profits was at Rs 46.51 crore, as compared to Rs 63.53 crore recorded same period last fiscal.

The standalone total income for the quarter under review was at Rs 546.72 crore as against Rs 636.49 crore registered a year ago.

For the half year ending September 30, 2019 standalone total income was at Rs 1,139.84 crore as against Rs 1,225.05 crore registered same period last year.

The company's shares were trading at Rs 1,779 apiece, down by 1.24 per cent over the previous close in BSE.