Oct 23 (Reuters) - Auto manufacturer TVS Motor Co Ltd posted about 1 percent fall in second-quarter profit on Tuesday, dented by higher commodity prices.
Profit came in at 2.11 billion rupees ($28.64 million) in the quarter ended Sept. 30, compared with 2.13 billion rupees a year ago, beating analysts' estimates of 2.10 billion rupees, according to Refinitiv data. bit.ly/2AoVXXH
The cost of materials consumed in the Sept quarter surged 20.1 pct to 36.96 billion rupees.
The manufacturer of two- and three-wheeler vehicles sold about 1.1 million vehicles during the quarter, leading to a 22.8 percent rise in revenue from operations.
$1 = 73.6725 Indian rupees Reporting by Tanvi Mehta and Mekhla Raina in Bengaluru, Editing by Sherry Jacob-Phillips
