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Cost pressures tell upon TVS Motor's performance.
(From Business Line)
Chennai, May 30 - OTHER income of Rs 37 crore, which came from reduction in tax liability arising out of the company prepaying sales tax, helped TVS Motor Company post 14 per cent growth in net profit for the fourth quarter; nevertheless the company reported a lower net for the full 2004-05 fiscal.
The fourth-quarter net amounted to Rs 47.92 crore, compared to Rs 41.93 crore in the corresponding previous period.
The company clocked post-tax profit of Rs 137.57 crore for the full year against Rs 138.49 crore earlier.
The board of directors has declared a second interim dividend of 60 paise for each share (of Re 1 …
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