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India Motor Parts & Accessories, a TVS Group company engaged in the distribution of automobile parts and accessories, has reported a drop in its standalone profit after tax at ₹12 crore for the quarter ended December 31, 2021, as compared to ₹15 crore in the year-ago quarter.
Its revenue from operations grew 9 per cent to ₹177 crore when compared with ₹163 crore in Q3 of the previous fiscal. Profit before tax was lower at ₹16 crore as compared to ₹20 crore.
On a consolidated basis, its profit after tax stood at ₹13 crore as against ₹17 crore in Q3 of the previous fiscal. Revenue from operations was higher at ₹183 crore as compared to ₹167 crore, an increase of 9 per cent. Profit before tax stood at ₹17 crore as against ₹20.5 crore.
For the nine months ended December 31, 2021, the company’s standalone PAT was higher at ₹37 crore as compared to ₹32 crore in the same period the previous year. Revenue from operations went up 28 per cent at ₹456 crore when compared with ₹357 crore in the year-ago period.
On a consolidated basis, the company’s PAT stood at ₹39 crore when compared with ₹33 crore during the nine months of the previous fiscal. Revenue was higher at ₹469 crore as compared to ₹367 crore.
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