Aptech net profit stands at Rs44.97 crore in FY10-11

Aptech recommended a dividend of 25% on the face value of equity shares

Aptech, the global career education and training company, said that its net profit for the financial year ended 31 March 2011 stood at Rs44.97 crore compared to a loss of Rs22.35 crore in FY09-10.

During the same period, the company’s operating income was Rs190.75 crore against Rs157.64 crore in the previous financial year, representing a growth of 21.0%

Ninad Karpe, managing director & CEO, Aptech said, “In the recent years, the demand for career education and specialised courses has been steadily on the rise due to the growing emphasis on professional and skill-based knowledge. The year gone by has seen us consolidate our position as a global education & training services company having reached over 40 countries with over 1300 centres till now.

The company recommended a dividend of 25% on the face value of equity shares.

On Wednesday, Aptech ended 4.33% up at Rs101.25 on the Bombay Stock Exchange, while the benchmark Sensex gained 0.57% to 18,608.81.

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TVS Motor sales up 18% at 1,85,930 units in May

Scooter sales grew by 20% to 38,168 units in May 2011, from 31,884 units in May, 2010

Chennai-based TVS Motor Company reported an 18.44% increase in total sales to 1,85,930 units in May 2011, against 1,56,980 units in the same month last year.

Total two-wheeler sales grew by 17.6% to 1,81,891 units in May 2011, in comparison to 1,54,667 units in May 2010, the company said in a statement.

During the month, total motorcycles grew by 11.35% to 75,619 units, against 67,906 units in the same month last year, it said.

Scooter sales grew by 20% to 38,168 units in May 2011, from 31,884 units in May, 2010, it added.

Domestic two-wheeler sales of the company grew by 16%, with sales of 1,58,829 units in May 2011, against 1,36,621 units in May 2010, it said.

Three-wheeler sales in May 2011, stood at 4,039 units, against 2,313 units in the comparable month of the previous year, a growth of 75%.

Exports grew by 42%, with total sales of 26,168 units in May 2011, against 18,482 units in the same month of the previous year, it said.

The company exported 23,062 two-wheelers units during the month, as against 18,046 units in the year-ago period, a 28% increase.

On Wednesday, TVS Motor ended 2.68% up at Rs55.60 on the Bombay Stock Exchange, while the benchmark Sensex gained 0.57% to 18,608.81.

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Tata Motors May sales up 10% at 62,296 units

In May 2011, Tata Motors registered a 9% decline in passenger vehicle sales in the domestic market to 19,401 units from 21,324 units in the same period last year

Auto major Tata Motors reported a 10% increase in total sales in May to 62,296 units from 56,775 units in the same month last year.

In May, the firm registered a 9% decline in passenger vehicle sales in the domestic market to 19,401 units from 21,324 units in the same period last year, the company said in a statement.

During the month, its small car Nano’s sales soared by 84% to 6,515 units, it said.

The Indica range reported sales of 5,497 units, down 35%. The Indigo family, with sales of 4,268 units, witnessed a dip of 35% vis-a-vis the same month last year.

The Sumo, Safari and Aria models accounted for sales of 3,121 units, up 15% compared to May last year.

In the commercial vehicles segment, Tata Motors recorded a 19% jump in domestic sales in May to 37,361 units.

Light commercial vehicles sales during the month stood at 21,829 units, up 24%, while medium and heavy commercial vehicle sales stood at 15,532 units, a growth of 12% compared to May 2010.

Tata Motors’ total exports in May rose by 39% to 5,534 units from 3,976 units in the same month last year.

On Wednesday, Tata Motors ended 1.19% down at Rs1,079.45 on the Bombay Stock Exchange, while the benchmark Sensex gained 0.57% to 18,608.81.

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