TVS Motor Q4 net down to Rs 29.09 crore

Mumbai, June 26 (UNI) TVS Motor Company Ltd has posted a net profit of Rs 29.09 crore for the quarter ended March 31, 2006 as compared to Rs 47.92 crore for the quarter ended March 31, 2005.

Announcing the results, the company said its total income rose from Rs 770.39 crore in Q4 FY 04-05 to Rs 860.62 crore for Q4 FY 05-06.

It has posted a net profit of Rs 117.0 crore for the year ended March 31, 2006 (FY 05-06) as compared to Rs 137.57 crore for the year ended March 31, 2005 (FY 04-05). Total Income has increased from Rs 2955.21 crore in FY 04-05 to Rs 3305.96 crore for FY 05-06.

The Board of Directors has declared a second Interim dividend of Rs 0.60 per equity share of Rs 1/- each for the year ended March 31, 2006 (60 per cent).

Together with the first interim dividend declared by the board at Rs 0.70 per share (70 per cent) which was paid to the shareholders on November 08, 2005, the aggregate of interim dividends declared for the current financial year ended March 31, 2006 is 130 per cent.

The board do not recommend any final dividend for the year and the interim dividends paid will be considered as the final dividend for the year ended March 31, 2006.

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