TVS Motor jumped 39 percent profit in Q4

TVS Motors India Ltd., Country's leading two-wheeler manufacturer has recorded the net profit of Rs. 20.3 crore having hike of 39 percent for the quarter ended March 31,2010 than last year's first quarter profit of 14.62 crore. Net sales of the company went to Rs. 1,192.4 crore in the fourth quarter of last fiscal year, as against of Rs. 912 crore in Jan-March 2009. The company's total income stood by 33.72 percent to Rs. 1215.99 crore during the fourth quarter of the last financial year as compared to Rs. 909.33 crore last year. For the year ended March 31, 2010, the total income went up at Rs. 4,424.00 crore as against Rs. 3,736.67 crore. TVS Motor disclosed the fact related to the investment of Rs. 36.61 crore in the fourth quarter of the last fiscal on its foreign subsidiary TVS Motor Singapore Pvt. Ltd that has been invested in the assets of the subsidiary TVS Motor company Indonesia, Besides, The company has recently launched its new TVS Wego commerical production in India. Apart from that launch, Indian two-wheeler lover will see more launches that like Yamaha SZ and Yamaha YZF R125.