TVS Motor Company, one of the largest two-wheeler manufacturers in India, announced a good increase in standalone net profit for the quarter ended June 2015. During the quarter, the profit of the company rose 24.82% to Rs 902.70 million from Rs 723.20 million in the same quarter previous year.
Revenues for the quarter rose 13.70% to Rs 26,212.30 million, compared with Rs 23,054 million for the prior year period.
Operating margin for the quarter stood at 4.63% as compared to 4.26% for the previous year period. Operating Income for the quarter was Rs 1,214.90 million, compared with Rs 981.9 million in the previous year period.
Earnings per share for the quarter stood at Rs 1.90, registering 25.00% growth over previous year period.
Total two-wheeler sales of the company grew by 8.8% in the quarter ended June 2015, increasing from 5.59 lakh units in the corresponding quarter of the previous year to 6.08 lakh units in the quarter ended June 2015.
Two and three wheeler exports of the company registered a growth of 22.7% with sales increasing from 0.97 lakh units in the quarter ended June 2014 to 1.19 lakh units in the quarter ended June 2015.
During the quarter ended June 2015, the company introduced a special edition of its iconic TVS XL Super, in celebration of crossing the milestone 1 crore mark in sales. The new variant comes in two never before colours of Silver Grey and Titanium Grey, with special graphics, a dual texture seat with stitch lines, chrome plated grab rail, silencer guard and a specially designed 1 crore celebration sticker.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 15 | Jun - 14 | %Change |
| Revenues | 26,212.30 | 23,054.00 | 13.70 |
| Net Profit | 902.70 | 723.20 | 24.82 |
| Diluted EPS | 1.90 | 1.52 | 25.00 |
Shares of the company declined Rs 12.35, or 4.69%, to trade at Rs 251.00. The total volume of shares traded was 495,860 at the BSE (3.13 p.m., Friday).
