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.
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