Monday, Jul 22 2019 | Time 21:54 Hrs(IST)
image
  • Chance for Anderson to move back towards top spot
  • Odisha to promote Table Tennis: Naveen
  • Lightning alert issued in MP
  • Odisha to promote Table Tennis: Naveen
  • 7 out of 7: Indians complete golden sweep; Harmeet and Ayhika emerge singles winners
  • 7 out of 7: Indians complete golden sweep; Harmeet and Ayhika emerge singles winners
  • Army jawan martyred in Pak firing on LoC in Rajouri
  • Instigating China-US confrontation dangerous wrong road: spokesperson
  • Court in The Hague acquits refugee of attempted murder, terror threat
  • International Federation of Journalists supports Pakistani Journalists' strike over salary
  • Sadhvi summoned by JP Nadda over her remarks
  • MP Govt sincere about Narmada award: Minister
  • UN Security Council has no current plans to discuss Iran – UK’s Envoy
  • Rs 19 20 cr distributed among 48,000 farmers under PM-KISAN in Budgam
  • UN Chief says deeply saddened by IAEA Director-General Amano passing away
Business Economy


TVS Revenue grew by 19.3 pc, net profit falls in Q4

TVS Revenue grew by 19.3 pc, net profit falls in Q4

Bengaluru, May 1 (UNI) TVS Motor Company reported on Wednesday its financial results for the year 2018-19 that witnessed a 19.3 jump in revenue growth and vehicle sales grow by 12.9 per cent.

With total sales of 39.14 Lakh units for the year, the Company’s total revenue excluding Excise Duty / GST grew to Rs. 18,217.5 Crores. During the year, the Company strengthened its presence in the commuter motorcycle segment with the successful launch of TVS Radeon.

For the fourth quarter of the just ended fiscal the Company reported a growth of 9.2 per cent with total revenue excluding Excise Duty/GST going up from Rs. 4,016.8 Crores in the said quarter of 2017-18 to Rs. 4,387.6 Crores in the fourth quarter of 2018-19. The Company reported Profit Before Tax (PBT) of Rs. 183.9 Crores and Profit After Tax of Rs. 134.3 Crores for the quarter under review.

EBITDA for the Quarter ended March 2019 is Rs. 308.1 Crores compared to Rs. 295.2 Crores for the quarter ended March 2018, a growth of 4.4 per cent . EBITDA for the quarter is at 7.0%.

The Company’s Profit Before Tax (PBT) for the quarter ended March 2019 is Rs. 183.9 Crores as against Rs. 192.1 Crores for the quarter ended March 2018.

Profit After Tax (PAT) for the quarter ended March 2019 is Rs. 133.8 Crores as against Rs. 165.6 Crores reported for the quarter ended March 2018.

During the quarter ended March 2019, the overall two-wheeler and three-wheeler sales including exports grew from 8.89 Lakh units in the quarter ended March 2018 to 9.07 Lakh units. Motorcycle sales grew by 8.4% from 3.46 Lakh units in the quarter ended March 2018 to 3.75 Lakh units in fourth quarter of 2018 - 19. Scooter sales for the quarter ended 31st March 2019 is 2.71 Lakh units against the sale of 2.80 Lakh units in the fourth quarter of 2017-18. The Company’s total export of two-wheelers and three-wheelers is 1.96 Lakh units in the quarter under review against 1.61 Lakh units in the quarter ended March 2018 registering a growth of 21.7%. Three-wheeler sales grew by 44.8 % from 0.29 Lakh units in the fourth quarter of 2017-18 to 0.42 Lakh units in the quarter under review.

Total revenue excluding Excise Duty for the year recorded a growth of 19.3% increasing from Rs. 15,274.4 Crores in the year ended March 2018 to Rs. 18,217.5 Crores in the year ended March 2019.

Operating EBITDA increased from Rs. 1,175.0 Crores during the year ended March 2018 to Rs. 1,433.3 Crores in the year ended March 2019 registering a growth of 22.0%.

Profit before tax (PBT) for the year ended March 2019 is Rs. 961.0 Crores as against Rs. 878.6 Crores for the year ended March 2018, which included notional fair valuation gain of Rs. 68.3 Crores and one-time GST discount of Rs. 16.5 Crores. Hence the current year PBT of Rs. 961.0 Crores when compared with operating PBT of Rs. 826.8 Crores for the year ended March 2018 after adjusting the above item represents an increase of 16.2 per cent.

Profit after tax (PAT) for the year ended March 2019 is Rs. 670.1 Crores as against Rs. 662.6 Crores registered in the year ended March 2018. Operating PAT for the year ended March 2018 prior to consideration of fair valuation gains and one-time GST discount (net of tax) is Rs. 606.7 Crores. The growth in operating PAT for the year ended March 2019 is 10.5%, a company release said here today.

UNI RS MV SKB1612

More News
TVS Motor Company’s EBITDA increases to 8 0 % in Q1

TVS Motor Company’s EBITDA increases to 8 0 % in Q1

22 Jul 2019 | 7:17 PM

Chennai, July 22 (UNI) TVS Motor Company’s overall two-wheeler sales including exports was 8.

see more..
SAIL proves its metal in Chandrayaan 2

SAIL proves its metal in Chandrayaan 2

22 Jul 2019 | 7:08 PM

New Delhi, Jul 22 (UNI) Chandrayaan 2 which began its mission to moon on Monday has been built with the special steel supplied by the public-sector Steel Authority of India Ltd.

see more..
Schneider Electric, Paytm launch iRewards prog in India

Schneider Electric, Paytm launch iRewards prog in India

22 Jul 2019 | 7:06 PM

New Delhi, Jul 22 (UNI) French company Schneider Electric that deals in digital transformation of energy management and automation, on Monday launched the iRewards programme in India in association with Paytm.

see more..
Xiaomi launches its flagship Redmi K20 series, Redmi 7A smartpones & other products

Xiaomi launches its flagship Redmi K20 series, Redmi 7A smartpones & other products

22 Jul 2019 | 7:06 PM

Chandigarh, Jul 22 (UNI) Xiaomi, country's number one smartphone and smart TV brand, on Monday announced to launch its flagship Redmi K20 series smartphones 'Redmi K20 and Redmi K20 Pro', Redmi 7A economy smartphones and other ecosystem products here.

see more..
GEFCO group appoints Prasanna as CEO & MD of India ops

GEFCO group appoints Prasanna as CEO & MD of India ops

22 Jul 2019 | 6:53 PM

New Delhi, Jul 22 (UNI) International Logistics company GEFCO Group on Monday appointed Prasanna Kumar MV as the CEO and MD of India operations in Chennai.

see more..
image