India Motor Parts & Accessories, a TVS Group company engaged in the distribution of automobile parts and accessories, reported a profit after tax of ₹50 crore in 2020-21 compared to ₹49 crore in FY20.
Profit before exceptional items and tax stood at ₹65 crore against ₹60 crore in FY20. Its revenue was flat at ₹518 crore for FY21, according to information provided to the stock exchanges.
For the quarter ended March 31, the company’s PAT was higher at ₹19 crore (₹14 crore). Revenue was significantly higher at ₹161 crore(₹119 crore).
On a consolidated basis, the company’s PAT stood at ₹53 crore for the year ended March 31 against ₹50 crore in the previous year. Its consolidated revenue was also flat at ₹532 crore.
The board recommended a dividend of ₹10 (100 per cent) per equity share for FY21 on the paid-up capital of ₹12.48 crore.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.