TVS Motor closes FY16 with higher profit

Chennai, May 3 (IANS) Two- and three-wheeler maker TVS Motor Company Ltd. on Tuesday said it closed the last fiscal with a net profit of Rs.432.14 crore.

In a regulatory filing in BSE, the company said it posted a net profit of Rs.432.14 crore for the year ended March 31, 2016, compared to Rs.347.83 crore for the year ended March 31, 2015.

The company’s total income went up to Rs.11,295.18 crore last fiscal from Rs.10,072.62 crore logged for the year ended March 31, 2015.

–IANS

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