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TVS Motor Posts Rs. 52.12 Cr Net Profit in Q4

Published: 29th April 2014 04:30 PM  |   Last Updated: 29th April 2014 04:30 PM   |  A+A-

By PTI

Chennai-based TVS Motor Co today reported a net profit of Rs 52.12 crore in the fourth quarter ended March 31, 2014.

The company had posted a net loss of Rs 32.72 crore in the January-March quarter of the previous year.

Net sales during the quarter under review stood at Rs 2,120.77 crore as against Rs 1752.16 crore in the same period last year.

Motorcycles sales during the fourth quarter increased to 1.97 lakh units from 1.85 lakh units in the year-ago period, while scooter sales jumped to 1.37 lakh units from 0.95 lakh units, the company said in a statement.

Total two-wheeler exports increased to 0.67 lakh units during the quarter under review from 0.52 lakh units in the corresponding period a year ago.

TVS Motor Co said its three-wheeler sales increased to 0.21 lakh units in the fourth quarter of 2013-14 from 0.14 lakh units in the year-ago period.

The directors have declared a second interim dividend of 75 paisa per share on the share capital of Rs 47.51 crore for the year 2013-14.

For the financial year ended March 31, 2014, the company posted a consolidated net profit of Rs 186.30 crore, down 5.6 per cent, as against Rs 197.54 crore in the previous fiscal.

Net sales for the fiscal 2013-14 stood at Rs 8,272.51 crore as against Rs 7,408.65 crore in the previous year.

Overall two-wheeler sales, including exports, stood at 19.93 lakh units during the fiscal as compared to 19.95 lakh units for the year ended March 2013, the company said.

Motorcycle sales increased to 7.86 lakh units in FY14 from 7.56 lakh units FY13, while that of scooters increased to 4.74 lakh units from 4.46 lakh units, it added.

Three-wheeler sales of the company increased to 80,235 units in FY14 from 49,143 units in the previous year, it added.

Total exports of the company for the year ended March 31, 2014, increased to 3.09 lakh units from 2.45 lakh units recorded in the previous year, the company added.

Shares of TVS Motor Co ended at Rs 92.25 per scrip, up 6.10 per cent from the previous close on the BSE.

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