TVS Q2 FY07 net decreases 22.28 pc

New Delhi, Oct 25: TVS Motor Company Ltd today reported a 22.28 per cent dip in its net profit at Rs 24.83 crore for the second quarter ended September 30, 2006, as compared to Rs 31.95 crore for the same quarter last year.

The company's board recommended an interim dividend of Re 0.70 per share on 23,75,43,557 equity shares of Re 1 each.

TVS's total income increased 33.53 per cent to Rs 1,088.75 crore for the quarter from Rs 815.36 crore for the correspoding period last year.

UNI