TVS Srichakra Q3 profit jumps 152 per cent

CHENNAI: Two and three wheeler tyres maker TVS Srichakra has registered over 152 per cent net profit in its third quarter ending December 31, 2014 to Rs 26.46 crore.

The Tamil Nadu-based company had registered net profit of Rs 10.50 crore during the same period of previous year.

Total income from operations for the quarter rose to Rs 489.37 crore from Rs 417.60 crore registered during corresponding period of last year, a statement said.

"The two wheeler industry is maintaining a double digit growth and as the largest supplier to vehicle manufacturers, our OEM sales continue to be good.", TVS Srichakra, Director, P Vijayaraghavan said.