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