India’s TVS Motor misses Q2 profit view on higher costs
TVS Motor Company reported a lower-than-expected quarterly profit due to higher costs, despite stable demand. The profit rose by 23.5% to ₹6.63 billion, missing analysts’ estimates. The company incurred an expense of ₹288.8 million due to changes in inventories, impacting overall profits. Total expenses increased by 12%, with revenue from operations rising by 13.3%. Two-wheeler…