TVS Motor Net up 40%

Two and three wheeler major TVS Motor on Thursday reported an increase of 40 percent in its net profit for the second quarter of the current fiscal at Rs.76.51 crore from Rs.54.78 crore in the like period of 2010-11.

The company's total income for the period under review reported a growth of 23.23 percent at Rs.1,991.79 crore as against Rs.1,616.24 crore in the corresponding period of last fiscal.

The net sales in the July-September quarter rose 22.79 percent by Rs.1,952.16 crore as compared to Rs.1,589.83 crore in the like period of 2010-11.

The auto majors other income increased by 50.05 percent at Rs.39.63 crore from Rs.26.41 crore in the July-September quarter of last fiscal.

The company also reported an increase of 42.20 percent in its consolidated total income for the fiscal at Rs.135.31 crore from Rs.95.15 crore in the like period of 2010-11.

The total income for the fiscal stood at Rs.3,737.82 crore, an increase of 24.21 percent when compared to Rs.3,009.20 crore in the corresponding period of last fiscal.