Wednesday 29 April 2015

TVS Motor Revenue Grows 27% to Rs. 10098 Crores in FY 2014-15

By 121 News

Chandigarh 29th April:- A comprehensive product portfolio, good market  acceptance of new products and consequent growth in volumes has enabled TVS Motor  Company to post good financial results for the financial year 2014-15.  During the year, the company took forward the legacy of the Scooty brand which has  pioneered many innovations in its segment with the introduction of TVS Scooty Zest  110, targeted at the new age Indian woman. The company also strengthened its  presence in the motorcycle segment with the introduction of TVS StaR City+. Both  products went on to win many leading trade awards. A limited edition TVS Jupiter  and an upgraded TVS Wego were also launched during the year.

TVS Motor Company reported revenue growth of 13.8% increasing from  Rs. 2159.79 crores in the fourth quarter of the financial year ended March 2014 to  Rs 2456.85 crores in the fourth quarter of the financial year ended March 2015. The company's Profit Before Tax (PBT) increased from Rs.71.88 crores in Q4 of the  previous financial year to Rs.100.66 crores in the fourth quarter of 2014-15. Profit After  Tax (PAT) increased from Rs.52.12 crores in the corresponding period last year to  Rs.90.52 crores in the year under review. Motorcycles sales increased from 1.97 lakh units registered in the fourth quarter of 2013-14 to 2.21 lakh units in the fourth quarter of 2014-15. Scooters sales increased from 1.37  lakh units in the fourth quarter of 2013-14 to 1.66 lakh units registered in the fourth  quarter of 2014-15. Two wheeler exports grew from 67,000 units in the fourth quarter of 2013-14 to 83,000 units in the quarter under review. Three wheeler sales increased from21294 units in Q4 of the previous year to 26901 units in the fourth quarter of 2014-15

During the year ended March 2015, the overall two-wheeler sales of TVS Motor  Company, including exports grew from 19.93 lakh units registered in the year 2013-14 to  24.09 lakh units in the year 2014-15. Motorcycle sales during the fiscal year increased  from 7.86 lakh units in the year ended March 2014 to 9.51 lakh units in the year ended  March 2015. Scooters sales during the period under review increased from 4.74 lakh  units in the year ended March 2014 to 7.00 lakh units in the year ended March 2015.  Three wheeler sales of the company increased significantly from 0.80 lakh units in the  previous year to 1.08 lakh units in the year ended March 2015. Total exports of the  company increased from 3.09 lakh units recorded in March 2014 to 4.13 lakh units in the  year ended March 2015.

The company's total revenue crossed the landmark 10,000 crore figure during the current  financial year. Total revenue increased by 26.8%, growing from Rs 7965.94 crores in the year ended March 2014 to Rs. 10098.22 crores in the year ended March 2015. Profit Before Tax (PBT) grew by 29.4%, increasing from Rs. 352.54 crores in the year  ended March 2014 to Rs. 456.16 crores in the year ended March 2015. Profit After Tax  grew by 32.9% increasing from Rs. 261.63 crores in the year ended March 2014 to  Rs. 347.83 crores in the year ended March 2015.

The directors have declared a second interim dividend of Rs.1.15 per share (115%) on the share capital of Rs. 47.51 crores for the year 2014-15.

 

 

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