The company said net profit came in at Rs 127 crore in the March quarter, while total income climbed 1.6 percent to Rs 3,139 crore.
The company also said profit for the quarter was impacted by by a one-time provision of Rs 57 crore towards discounts for BS III compliant vehicles sold by the dealers in March.
Shares were trading 2.7 percent lower as of 2:30 pm on the National Stock Exchange.
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