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TVS Motor registers 46% growth in Q1 net profit

30 Jul 2011 Evaluate

Two-wheeler major TVS Motor Company reported result for the quarter ended June 30, 2011.

The company reported a 45.65% jump in its net profit to Rs 58.80 crore for the quarter ended June 30 against Rs 40.37 crore in the year-ago period. Its total income during the first quarter also increased by 25.35% to Rs 1746.03 crore from Rs 1392.96 crore in the year ago period.

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

Peers
Company Name CMP
Bajaj Auto 10069.85
TVS Motor Company 4021.45
Hero MotoCorp 5173.00
Eicher Motors 6949.85
OLA Electric Mobilit 37.09
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