TVS Motor Q4 net profit at Rs.9.05 Crores, recommends Re.0.15 final dividend

TVS Motor Company Ltd has announced the financial results for the quarter & year ended March 31, 2007. The Unaudited results for the Quarter ended March 31, 2007 are as follows: The Company has posted a net profit of Rs 90.50 million for the quarter ended March 31, 2007 as compared to Rs 290.90 million for the quarter ended March 31, 2006. Total Income has increased from Rs 8606.20 million for the quarter ended March 31, 2006 to Rs 9468.40 million for the quarter ended March 31, 2007.

The Audited results for the Year ended March 31, 2007 are as follows: The Company has posted a net profit of Rs 666.00 million for the year ended March 31, 2007 as compared to Rs 1170.00 million for the year ended March 31, 2006. Total Income has increased from Rs 33059.60 million for the year ended March 31, 2006 to Rs 39281.90 million for the year ended March 31, 2007.

The Board of Directors of the Company at its meeting held on June 28, 2007, inter alia, has recommended a final dividend of Rs 0.15 per share, subject to approval of the shareholders at the ensuing annual general meeting.

The Register of Members & Share Transfer Books of the Company will remain closed from August 14, 2007 to August 17, 2007 (both days inclusive) for the purpose of payment of final dividend & Annual General Meeting (AGM) of the Company to be held on August 17, 2007.

Source : Equity Bulls

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