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Business Economy


TVS Motor Company’s revenue grows by 24.7 pc in 2017-18

TVS Motor Company’s revenue grows by 24.7 pc in 2017-18

Chennai, May 16 (UNI) Two and three-wheeler makers TVS Motor Company on

Wednesday reported that With a total sales of 34.66 lakh units, its total revenue,

excluding excise duty/GST, grew by 24.7 per cent to Rs 15,129.66 crore in 2017-18.

During the year, the company strengthened its presence in the motorcycle and

scooter segments with the launch of TVS Apache RR 310, TVS NTORQ 125 and

TVS Apache RTR 160 4V and refreshed product portfolio.

Announcing the financial results for the year 2017-18, a company release here said

during the January-March 2018 quarter, the overall two-wheeler and three-wheeler

sales grew by 31.7 per cent from 6.75 lakh units in fourth quarter of 2016-17 to 8.89

lakh units in fourth quarter of 2017-18.

Motorcycle sales grew by 61.1 per cent from 2.15 lakh units in the fourth quarter of

2016-17 to 3.46 lakh units in fourth quarter of 2017-18.

Scooter sales grew by 25.5 per cent from 2.23 lakh units in the fourth quarter of

2016-17 to 2.80 lakh units in the quarter under review.

The Company’s total exports increased by 45.3 per cent from 1.11 lakh units in the

fourth quarter of 2016-17 to 1.61 lakh units of two wheelers and three wheelers in

the quarter under review.

Three-wheeler sales grew by 90.7 per cent from 0.15 lakh units in the fourth quarter

of 2016-17 to 0.29 lakh units in the quarter under review.

TVS Motor Company reported a growth of 40.4 per cent with total revenue excluding

excise duty/GST going up from Rs 2,844.50 crores in the fourth quarter of 2016-17 to

Rs 3,992.76 crores in the fourth quarter of 2017-18.

The Company’s Profit Before Tax (PBT) registered a growth of 43.3 per cent, increasing

from Rs.134.02 crores in the fourth quarter of 2016-17 to Rs.192.05 crores in the fourth

quarter of 2017-18.

Profit After Tax (PAT) grew by 30.6 per cent from Rs.126.77 crores in the fourth quarter

2016-17 to Rs.165.61 crores in the fourth quarter of 2017-18.

On the full year financial performance, the company's total revenue excluding excise duty

for the year recorded a growth of 24.7 per cent increasing from Rs 12,135.31 crores in the

year ended March 2017 to Rs 15,129.66 crores in the year ended March 2018.

Profit Before Tax (PBT) grew by 25.8 per cent, increasing from Rs.698.68 crores in the year

ended March 2017 to Rs.878.64 crores in the year ended March 2018.

Profit After Tax(PAT) grew by 18.7 per cent increasing from Rs.558.08 crores in the year

ended March 2017 to Rs.662.59 crores in the year ended March 2018.

During the year ended March 2018, the overall two-wheeler sales, including exports grew

by 17.8 per cent increasing from 28.58 lakh units registered in 2016-17 to 33.67 lakh units

in 2017-18.

Motorcycle sales during the fiscal year grew by 25.8 per cent increasing from 10.77 lakh

units in the year ended March 2017 to 13.55 lakh units in the year ended March 2018.

Scooter sales grew by 30.4 per cent increasing from 8.70 lakh units in the year ended

March 2017 to 11.35 lakh units in the year ended March 2018.

Three-wheeler sales increased by 42.5 per cent from 0.69 lakh units in the year ended

March 2017 to 0.99 lakh units in the year ended March 2018.

The total export of the Company recorded a growth of 35.1 per cent increasing from

4.25 lakh units in the year ended March 2017 to 5.74 lakh units in the year ended

March 2018.

The board of directors of the Company has declared two interim dividends at their meeting

held on November one 2017 and February 26, 2018 respectively for the year 2017-18.

The total dividend paid for the year ended March 2018 aggregated to Rs. 3.30 per share

(330 per cent) on 47,50,87,114 equity shares of Re.1 each.

The board does not recommend any further dividend for the year under consideration.

UNI GV 1525

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