TVS Srichakra spurts after Q2 PAT climbs 51% YoY

10 Nov 2022 , 02:31 PM

On a consolidated basis, profit before tax (PBT) jumped 52.46% year-on-year to Rs 51.82 crore in Q2 September 2022. Total expense jumped 18.95% YoY to Rs 782.74 crore in Q2 FY23. Cost of raw material consumed stood at Rs 522.19 crore (up 23.67% YoY) and employee expenses stood at Rs 82.9 crore (up 5.38% YoY). Net cash generated from operating activities stood at Rs 40.84 crore in six months ended 30 September 2022 compared with Rs -58.87 crore in six months ended 30 September 2021. TVS Srichakra, a member of TVS group, manufactures tyres and tubes for two & three wheelers in India. It also makes ultra light truck tyres, agricultural tyres, industrial tyres and Off the Road (OTR) tyres for the export and domestic market. Powered by Capital Market – Live News