TVS Motor Company has registered 31.02% surge in its standalone net profit for the quarter ended March 31 at Rs 57.23 crore as compared to Rs 43.68 crore in the corresponding period last year. The surge in net profit is mainly due to lower tax expenses. The total income from operations of the company in the fourth quarter, however, decreased marginally to Rs 1,627.17 crore from Rs 1,635.29 crore in the year-ago period.
For the entire 2011-12 financial year, the company posted 3.18% rise in its consolidated net profit at Rs 131.64 crore from Rs 127.58 crore in the previous fiscal. Moreover, 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.