Chennai based TVS Motor Company Limited has posted a phenomenal increase in net profit for the period Q4 (ending Mar 2011) of the current fiscal (FY11). During the said quarter, net profit rises 105% to Rs 41.7 crore in comparison to Rs 20.3 crore of Q4 (ending Mar 2010) of previous year(FY10). TVS Motor Company is one of India’s leading two wheeler manufacturers. Its scooty is the best selling model and very popular among college girls and working women.
The company informed the share market (BSE/NSE) that the total income/net sales increased 34.00% to Rs 1,604.6 crore in quarter ended Apr 2011 when compared with the last years same quarter ended Apr 2010 which was Rs 1,192.4 crore. The company will launch a new scooter this fiscal. It registered an overall growth at 32% and repaid close to Rs 300 crore of debt. The company is Looking at entering markets like Colombia & Argentina in coming days.
Share’s Data :-
BSE Code : 532343
Mkt. Cap: Rs 2,677.19 Crores
TVS Motor Company Ltd. share’s CMP is Rs 56.35 on 29th Apr 2011.
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