TVS Motor revenue grows 11% to Rs 7962 crores in FY 2013-14

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TVS Motor Company today announced positive results for the financial year 2013-14.  TVS Motor Company reported revenue growth of 21% increasing from Rs. 1775 crores in the fourth quarter of the financial year ended March 2013 to Rs 2156 crores in the fourth quarter of the financial year ended March 2014. The company’s Profit from operation increased from Rs.63 crores in Q4 of the previous financial year to Rs. 101 crores in the fourth quarter of 2013-14. Profit After Tax (PAT) increased from Rs. (33) crores in the corresponding period last year to Rs. 52 crores in the year under review.

Motorcycles sales increased from 1.85 lakh units registered in the fourth quarter of 2012-13 to 1.97 lakh units in the fourth quarter of 2013-14. Scooters sales increased from 0.95 lakh units in the fourth quarter of 2012-13 to 1.37 lakh units registered in the fourth quarter of 2013-14. Two wheeler exports grew from 0.52 lakh units in the fourth quarter of 2012-13 to 0.67 lakh units in the quarter under review. Three wheeler sales increased from 0.14 lakh units in Q4 of the previous year to 0.21 lakh units in the fourth

During the year ended March 2014, the overall two-wheeler sales of TVS Motor Company, including exports was 19.93 lakh units as compared to 19.95 lakh units for the year ended March 2013. Motorcycle sales during the fiscal increased from 7.56 lakh units in 2013 to 7.86 lakh units in the current financial year. Scooters sales during the period under review increased from 4.46 lakh units for the year ended March 2013 to 4.74 lakh units in the year ended March 2014. Three wheeler sales of the company increased significantly from 49,143 units in the previous year to 80,235 units in the year ended 31st March 2014.

The company’s total revenue increased by 11%, growing from Rs 7169 crores in the year ended March 2013 to Rs. 7962 crores for the year ended March 2014. Profit from operations grew by 38%, increasing from Rs. 254 crores in the year ended March 2013 to Rs. 351 crores in the year ended March 2014. Profit After Tax grew by 126% increasing from Rs. 116 crores in the year ended March 2013 to Rs. 262 crores in the year ended March 2014.

Total exports of the company for the year ended 31st March 2014 increased from 2.45 lakh units recorded in March 2013 to 3.09 lakh units. The directors have declared a second interim dividend of Re. 0.75 per share on the share capital of Rs. 47.51 crores for the year 2013-14.

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