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TVS motor profits drop 22%

This is a discussion on TVS motor profits drop 22% within the Wheels Of India forums, part of the Auto Zone category; INDIACAR.NET - Bringing you the latest auto news TVS Motor Company,the flagship company of the USD 2.2 billion TVS Group, ...

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  #1 (permalink)  
 Old 29 Oct 06, 11:22 AM
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Default TVS motor profits drop 22%

INDIACAR.NET - Bringing you the latest auto news

TVS Motor Company,the flagship company of the USD 2.2 billion TVS Group, has posted 22% fall in its net profit for the quarter ended Sep`06.

The company registered a net profit of Rs 248.30 million for the quarter ended September 30, 2006 as compared with Rs 319.50 million for the quarter ended September 30, 2005, as per BSE release.

Total income however increased to Rs 10887.50million for the quarter ended September 30, 2006 from Rs 8153.60 million for the quarter ended September 30, 2005, witnessing a rise of 33.5%.

The board of the company has declared an interim dividend of Re 0.70 per share on 23,75,43,557 equity shares of Re 1 each.

Last edited by Nikhil; 30 Oct 06 at 09:27 AM.
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  #2 (permalink)  
 Old 30 Oct 06, 01:40 AM
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Default Re: TVS motor profites drop 22%

fiat has switched from tvs to tata for support and distribution right.. has it had any effect ?
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 Old 30 Oct 06, 09:28 AM
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Default Re: TVS motor profites drop 22%

when did TVS and FIAT have a tie up ?? I never knew that
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 Old 30 Oct 06, 05:34 PM
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Default Re: TVS motor profits drop 22%

used to give our palio at sundaram .. they were officially in charge of sales and service and parts i guess till the tie up between them and tata
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 Old 30 Oct 06, 06:11 PM
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Default Re: TVS motor profits drop 22%

aaaah yes.... Sundaram... There was one even in Bangalore. Now it is a Merc/GM dealership
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