TVS Motor registers 46% growth in Q1 net profit

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.