TVS Motor has reported results for fourth quarter ended March 31, 2013
The company has reported net loss of Rs 32.72 crore for the quarter ended March 31, 2013, against net profit of Rs 57.23 crore for the corresponding period last fiscal. However, total income has increased by 6.79% at Rs 1748.32 crore for quarter under review as compared to Rs 1637.13 crore for the quarter ended March 31, 2012
For the full year, the company has reported a net profit of Rs 116.02 crore for the year ended March 31, 2013, a fall of 53.42% as compared to Rs 249.07 crore for the year ended March 31, 2012. Total income from operation has decreased to Rs 7065.00 crore in FY13 from Rs 7141.52 crore in FY12, up by 1.07%.
On consolidated basis, the group has reported a rise of 49.15% in its net profit after taxes, minority interest and share of profit/ loss of associates at Rs 197.72 crore in quarter under review as compared to Rs 132.56 crore in same period previous year. However, total income from operation on consolidated basis has decreased by 0.39% to Rs 7406.22 crore as against Rs 7435.16 crore in a year ago period.
