TVS Motor FY06 net down 19% at Rs 110cr

TVS Motor has posted a consolidated net profit of Rs 110.47 crore for the year ended March 31, 2006 as compared to Rs 136.61 crore for FY05.

According to an official release issued to the BSE today, total income is Rs 3338.33 crore for FY06 as compared to Rs 2991.88 crore in FY05.

The company 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 Q4FY05. Total income has increased from Rs 770.39 crore in Q4FY05 to Rs 860.62 crore for Q4FY06.

The board has declared a second Interim dividend of 60%, i.e. Re 0.60 per share for the year ended March 31, 2006.

Together with the first interim dividend declared by the board at Re 0.70 per share (70%) 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%.