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TVS Motor Q1 net profit rises 46% to Rs 59 cr

PTI     July 29, 2011

Two-wheeler major TVS Motor Company on Friday reported a 45.65 per cent jump in its net profit to Rs 58.80 crore for the quarter ended June 30.

The company had posted a net profit of Rs 40.37 crore in the year-ago period, TVS Motor Company said in a filing to the Bombay Stock Exchange (BSE).

READ: How TVS managed a strike-free record

The total income during the first quarter also increased by 25.35 per cent to Rs 1,746.03 crore from Rs 1,392.96 crore in the year ago period, it added.

The company's board also recommended an interim dividend of 60 per cent, which is Re 0.60 per share, absorbing Rs 32.77 crore for 2010-11.

READ: TVS group has a steady approach to growth

The shares of the company on Friday closed 0.20 per cent up at Rs 49.35 apiece on the BSE.

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