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TVS Motor Q4 net up 31% at Rs 57 cr

The net sales remained almost flat at Rs 1,603 cr

Press Trust of India  |  New Delhi 

Company today reported 31.02% increase in its standalone for the quarter ended March 31 at Rs 57.23 crore, mainly due to lower tax expenses.

The company had posted a of Rs 43.68 crore in the corresponding period last year, Company said in a filing to the

The standalone total income from operations in the fourth quarter, however, decreased marginally to Rs 1,627.17 crore from Rs 1,635.29 crore in the year-ago period, it added.

During the quarter, the company's tax expenses went down 68.85% to Rs 4.95 crore from Rs 15.89 crore.

The company's Board of Directors has declared a second interim dividend of Re 0.70 per share for 2011-12.

For the entire 2011-12 financial year, Company posted 3.18% rise in its consolidated at Rs 131.64 crore from Rs 127.58 crore in the previous fiscal.

The consolidated total income from operations in FY'12 also went up by 13.40% to Rs 7,419.84 crore from Rs 6,542.98 crore in FY'11.

In the last fiscal, Company sold a total of 21.89 lakh vehicles compared to 20.43 lakh units in the previous fiscal, up 7.15%.

Exports increased 23.33% to 2.96 lakh units for 2011-12 from 2.40 lakh units in 2010-11.

Commenting on new product development, Company said it will roll out two new motorcycles in August and in the last quarter of this fiscal.

"One new scooter will also be introduced during the last quarter of the current financial year," it added.

Shares of the company today closed 1.52% up at Rs 33.40 apiece on the

First Published: Thu, May 24 2012. 19:54 IST