TVS Motor posts higher turnover and profit for 2013-14
Two- and three-wheeler manufacturer TVS Motor Company closed the last fiscal with an 11 percent growth in turnover and 126 percent rise in profit after tax, the company said Tuesday.
In a statement, the company said it closed last fiscal with a turnover of Rs.7,962 crore and a net profit of Rs.262 crore, up from Rs.7,169 crore turnover and Rs.116 crore net profit registered during 2012-13.
It sold 19.93 lakh two-wheelers, down from 19.95 lakh units sold in fiscal 2012-13.
But the company increased its three-wheeler sales to 80,235 units last fiscal as compared to 49,143 units sold in 2012-13.
The directors have declared a second interim dividend of Rs.0.75 per share on the share capital of Rs.47.51 crore for the year 2013-14.
(Posted on 29-04-2014)