TVS Motor posts higher turnover and profit for 2013-14

TVS-MotorChennai, April 29 : 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.(IANS)

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