TVS Motor Q1 2011-12 profit jumps 45.6% to Rs 59 cr, recommended an interim dividend of 60 per cent, which is Re 0.60 per share, Latest Stock Price

TVS Motor Q1 2011-12 profit jumps 45.6% to Rs 59 cr, recommended an interim dividend of 60 per cent, which is Re 0.60 per share, Latest Stock Price

Two-wheeler major TVS Motor Company today reported a 45.65 per cent jump in its net profit to Rs 58.80 crore for the quarter ended June 30.

The company had posted a net profit of Rs 40.37 crore in the year-ago period, TVS Motor Company said in a filing to the Bombay Stock Exchange.

The total income during the first quarter also increased 25.35 per cent to Rs 1,746.03 crore from Rs 1,392.96 crore in the year-ago period, it added

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

src-siffy & rediff

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