New Delhi, April 28 -- TVS Motor Co. Ltd announced better-than-expected earnings for the January-March period, citing strong scooter sales in the country that helped it record its highest-ever profit during the last fiscal year.The Hosur-based TVS, which doesn't give forward guidance for growth, remains optimistic that the growth momentum during the current year will continue due to a reduction in interest rates, relief in income tax and a normal monsoon.

During January-March, the third-largest two-wheeler seller saw its net profit jump 76% to Rs.852 crore, up from Rs.485 crore in the year-ago period. Total revenue grew by 17% to Rs.9,565 crore, up from Rs.8,140 crore in the year-ago period.

ABloombergpoll of analysts had predicted Rs.7...