Social News XYZ     

TVS Motor posts Rs 558 cr net profit in FY17

TVS Motor posts Rs 558 cr net profit in FY17Chennai, April 27 (IANS) Two- and three-wheeler maker TVS Motor Company closed FY 2016-17 with a total revenue of Rs 13,363.43 crore and net profit of Rs 558.08 crore, the company said.

In a statement issued here, TVS Motor said it earned a revenue of Rs 13,363.43 crore last fiscal, up from Rs 12,194.77 crore posted during the previous year.

The company registered a net profit of Rs 558.08 crore last fiscal as against Rs 489.28 crore logged during FY 2015-16.

 

Last fiscal, the company sold 28.58 lakh two-wheelers and 69,000 three-wheelers.

The board of directors of the company has declared two interim dividends of Rs 1.25 (per share) each at their meetings held on October 27, 2016, and on March 6, 2017, for the year 2016-17.

The total dividend paid for the year ended March 31, 2017, aggregated to Rs 2.50 per share. The board does not recommend any further dividend for the year under consideration, the statement said.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

Facebook Comments
TVS Motor posts Rs 558 cr net profit in FY17

About VDC

Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.

%d bloggers like this: