Two wheeler major TVS Motor Company reported 1.40% rise in standalone net profit for the quarter ended December 31st 2011, at INR 56.53 crore. The company had posted a net profit of INR 55.75 crore in the corresponding period last financial year.

TVS Motor Company in a filing to the Bombay Stock Exchange said that the total income during the third quarter also increased by 7.02% to INR 1,762.22 crore from INR 1,646.65 crore in the year ago period.

During the quarter, the company's total vehicle sales rose marginally to 519,000 units from 518,000 units in the same period previous year.

The company saw its scooter sales climbing by 11.29% to 13.8 million units, while the same for motorcycle segment declined by 8.53% to 19.3 million units. The filling added that the three wheeler sales dipped by 11.71% to 8,899 units.

However, two wheeler exports during the three month period went up by 23.83% to 63,700 units.

(Sourced from BS)