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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

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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 net profit of Rs 43.68 crore in the corresponding period last year, TVS Motor 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, TVS Motor Company posted 3.18% rise in its consolidated net profit 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, TVS Motor 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, TVS Motor 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 BSE.

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Results Tracker
Available for 35 companies
Quarter Mar 2014 Mar 2013 % chg
Sales 157,582.24 133,810.50 17.77
Op. Profit 30,860.64 25,076.90 23.06
Net Profit 19,006.68 15,352.39 23.80
Figures in Rs crore

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