|Bangalore, May 03, 2016:
A comprehensive product portfolio with good market acceptance of new products and steady growth in sales has enabled TVS Motor Company to post a 12% revenue growth during the financial year 2015-16. During the year the company recorded total sales of 2.7 million units.
Q4 PERFORMANCE (Jan'16 - Mar'16):
TVS Motor Company reported a revenue growth of 15% from Rs.2443 crores in the fourth quarter of the financial year ended March 2015 to Rs.2815 crores in the fourth quarter of the financial year ended March 2016.
The Company’s Profit Before Tax (PBT) registered a growth of 37% from Rs.101 crores in Q4 of the previous financial year to Rs.138 crores in the fourth quarter of 2015-16. Profit After Tax (PAT) increased by 30% from Rs.91 crores in the corresponding period last year to Rs.118 crores in the year under review.
Motorcycles sales increased from 2.21 lakh units registered in the fourth quarter of 2014-15 to 2.47 lakh units in the fourth quarter of 2015-16. Scooter sales increased from 1.66 lakh units in the fourth quarter of 2014-15 to 1.98 lakh units registered in the fourth quarter of 2015-16. The Company exported 0.83 lakh units of two wheelers in the quarter under review. Three wheelers registered sales of 21445 units in the quarter under review as against 26901 units in the fourth quarter of 2014-15.
FULL YEAR PERFORMANCE (April 2015 to March 2016):
Total revenue increased by 12% growing from Rs.10042 crores in the year ended March 2015 to Rs.11244 crores in the year ended March 2016. Profit Before Tax (PBT) grew by 24%, increasing from Rs.456 crores in the year ended March 2015 to Rs.566 crores in the year ended March 2016. Profit After Tax grew by 24% increasing from Rs.348 crores in the year ended March 2015 to Rs.432 crores in the year ended March 2016.
During the year ended March 2016, the overall two-wheeler sales of TVS Motor Company, including exports grew from 24.09 lakh units registered in the year 2014-15 to 25.68 lakh units in the year 2015-16. Motorcycle sales during the fiscal year increased from 9.51 lakh units in the year ended March 2015 to 10.17 lakh units in the year ended March 2016. Scooter sales during the period under review increased from 7.0 lakh units in the year ended March 2015 to 8.13 lakh units in the year ended March 2016. Three wheeler sales of the company increased from 1.08 lakh units in the previous year to 1.11 lakh units in the year ended March 2016. Total exports of the company increased from 4.13 lakh units recorded in March 2015 to 4.54 lakh units in the year ended March 2016.
The Directors at the meeting held on 12th March 2016, declared a second interim dividend of Rs.1.50 per share (150 %) absorbing a sum of Rs. 85.07 crores (including dividend distribution tax) for the year ended 31st March 2016 and the same was paid to the shareholders on 23rd March 2016. The Board earlier declared first interim dividend of Re. 1/- per share (100%) absorbing a sum of Rs.55.65 crores including dividend distribution tax for the year 2015-16 and the same was paid on 10th February 2016. The total dividend including second interim dividend for the year ended 31st March 2016 aggregate to Rs.2.50 per share (250 %) on 47,50,87,114 equity shares of Re.1/- each. The Directors do not recommend any further dividend for the year 2015-16.
TVS Motor Company continues to be rewarded for commitment to quality of its products. TVS Wego and TVS Apache RTR 180 claimed top spots in the JD Power India Initial Quality Study (IQS). TVS Scooty Zest and TVS StaR City+ topped the charts in their respective segments in the JD Power India Automotive Performance, Execution and Layout (2W APEAL) study.
TVS Motor Company was awarded with the highest rating in customer service satisfaction (CSI) in the two wheeler industry as per inaugural survey conducted by JD Power India.
OUTLOOK - FUTURE PLANS AND PRODUCT LAUNCHES
With its customer centric engineering approach, consistent focus on quality and superior product line, TVS Motor Company is looking to consolidate its market share in the ongoing fiscal. The company will further strengthen its portfolio with new launches and upgrades of existing products.
About TVS Motor Company
TVS Motor Company is a leading two and three wheeler manufacturer, and is the flagship company of the USD 7 billion TVS Group. We believe in Championing Progress through Mobility. Rooted in our 100 year legacy of Trust, Value, Passion for Customers and Exactness, we take pride in making internationally aspirational products of the highest quality through innovative and sustainable processes. We endeavour to deliver the most superior customer experience at all our touch points across 60 countries. We are the only two-wheeler company to have received the prestigious Deming Prize. Our products lead in their respective categories in the JD Power IQS and APEAL surveys for the past two years. We have recently been ranked No. 1 Company in the JD Power Customer Service Satisfaction Survey. For more information, please visit www.tvsmotor.com.