InvestorQ : Why did TVS Motors dip into a huge loss in the Jun-20 quarter?
Aditi Sharma made post

Why did TVS Motors dip into a huge loss in the Jun-20 quarter?

Answer
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Aashna Tripathi answered.
3 months ago


TVS Motors reported a standalone net loss of Rs.139 crore for the Jun-20 quarter as against a net profit of Rs.142 for the Jun-19 quarter. The loss for the quarter was lower than street estimates. Total revenues from operations fell 68% at Rs.1432 crore in the quarter. The COVID-19 lockdown and the weak demand led to the fall in top line even as a huge fixed cost burden in the auto sector put pressure on bottom line too.