TVS Motor registers revenue of Rs 7,065 crores in FY 2013
TVS Motor Company and BMW Motorrad have signed a long-term cooperation agreement. The aim of the cooperation is to join forces to develop and produce a new series of motorcycles that will cater to the segment below 500 cubic centimeters. The cooperation agreement ensures the two companies, each offering their own vehicle derivatives, which will be sold through their own distribution channels with respective brand names in India and across the globe.
During the year the company introduced TVS Phoenix in the motorcycle executive segment, along with upgrades in the other segments of the motorcycle and scooter markets with the aim to consolidate and leverage a complete product portfolio.
Q4 PERFORMANCE (Jan 2013 - Mar 2013):
TVS Motor Company reported revenue of Rs 1,748 crores in Q4 of the financial year ended March 2013, compared to Rs 1,637 crores recorded during corresponding quarter in the previous year.
The company's Profit before tax (PBT) before exceptional and extraordinary items in Q4 stood at Rs 63.14 crores against Rs 62.18 crores in Q4 of the previous financial year. Profit After Tax (PAT) before exceptional and extraordinary items was Rs 58.12 crores in Q4 against Rs 57.23 crores in the corresponding period last year.
In Q4 motorcycles sales was 1.85 lakh units against 1.86 lakh units registered in the previous comparable period. Scooters recorded sales of 0.95 lakh units in Q4 compared to 1.10 lakh units in the corresponding quarter of the previous year. Two wheeler exports registered 0.52 lakh units in Q4 against 0.52 lakh units in the previous comparable quarter. Three wheeler sales in Q4 was 13,961 units against 7401 units in Q4 of the previous year.
FULL YEAR PERFORMANCE (Apr 2012 to Mar 2013)
During the year ended March 2013, TVS Motor Company registered overall twowheeler sales of 19.95 lakh units in comparison with 21.47 lakh units of the previous financial year. Motorcycle sales during the fiscal stood at 7.56 lakh units in comparison with 8.44 lakh units in the previous year. Scooters recorded sales of 4.46 lakh units in comparison with 5.25 lakh units in the previous year. Three wheeler sales of the company increased significantly from 40,166 units in the previous year to 49,143 units in the year ended 31 March 2013.
The company's total revenue for the year ended March 2013 stood at Rs 7,065 crores as against Rs.7,142 crores for the year ended March 2012. Profit Before Tax before exceptional and extraordinary items during the year ended March 2013 stood at Rs. 254.42 crores in the current financial year in comparison with Rs. 316.46 crores in the year ended March 2012. Profit After Tax before exceptional and extraordinary item during the year ended March 2013 stood at Rs. 206.86 crores in comparison to Rs. 249.07 crores in the corresponding period of the year ended March 2012. The company has made a provision of Rs 91.63 crores for diminution in value of its overseas investment (consequently the PBT and PAT after exceptional and extraordinary item, stand at Rs 163.58 crores and Rs 116.02 crores respectively.)
Exports of the company for the year ended 31 March 2013 stood at 2.11 lakh units as against 2.70 lakh units in 2011-12.
The Directors have declared a second interim dividend of Re 0.60 per share on the share capital of Rs.47.51 crores for the year 2012-13.
PT TVS INDONESIA:
During the year, PT TVS Motor Company, Indonesia registered total two wheeler sales of 18,636 units in comparison with 23,061 units recorded in the previous comparable period.
During the year, the company won the following major awards: