Buoyed by a 7% growth in its overall sales, two-wheeler major TVS Motor Company has reported a 28% jump in its net profit for the fiscal ended March to R249.07 crore against R194.58 crore in the previous financial year.
The total revenue grew from R6,288 crore in the previous fiscal to R7,126 crore in the year under review.
The company’s board of directors declared a second interim dividend of R0.70 per share for 2011-12. During the year ended March 2012, TVS Motor registered a growth of 7% in sales with overall two-wheeler sales growing from 20.03 lakh units in the previous financial year to 21.47 lakh units. For the current financial year, TVS said that it expect to grow ahead of the industry’s projected growth level of 10%