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TVS Motor Company reports 7% fall in Q4 net profit

TVS Motor Company has reported results for the fourth quarter and year ended March 31, 2017.

The company has reported a fall of 6.81% in its net profit at Rs 126.77 crore for the quarter ended March 31, 2017 as compared to Rs 136.03 crore for the same quarter in the previous year. However, total income of the company increased marginally by 1.57% at Rs 3139.22 crore for quarter under review as compared to Rs 3090.77 crore for the quarter ended March 31, 2016.

For the year ended March 31, 2017, the company has posted a rise of 14.06% in its net profit at Rs 558.08 crore as compared to Rs 489.28 crore in FY16. Total income of company increased by 9.58% at Rs 13363.43 crore for year under review as compared to Rs 12194.77 crore for the year ended March 31, 2016.

For the year ended March 31, 2017, on the consolidated basis, the company has posted a rise of 18.82% in its net profit at Rs 509.29 crore as compared to Rs 428.64 crore in FY16. Total income of company increased by 9.78% at Rs 13739.33 crore for year under review as compared to Rs 12515.28 crore for the year ended March 31, 2016.

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