Two-wheeler major TVS Motor Company today reported a 45.65% jump in its net profit to Rs 58.80 crore for the quarter ended June 30.
The company had posted a net profit of Rs 40.37 crore in the year-ago period, TVS Motor Company said in a filing to the Bombay Stock Exchange (BSE).
The total income during the first quarter also increased by 25.35% to Rs 1,746.03 crore from Rs 1,392.96 crore in the year ago period, it added.
The company's board also recommended an interim dividend of 60%, which is Re 0.60 per share, absorbing Rs 32.77 crore for 2010-11.
The shares of the company today closed 0.20% up at Rs 49.35 a piece on the BSE.
