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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