TVS Motor Company, today reported its financial results for the year 2018-19. With total sales of 39.14 Lakh units for the year, the Company’s total revenue excluding Excise Duty / GST grew by 19.3% 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.
PERFORMANCE (January 2019 – March 2019):
TVS Motor Company reported a growth of 9.2% with
total revenue excluding Excise Duty / GST going up from Rs. 4,016.8 Crores in
the fourth 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% . 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.
YEAR PERFORMANCE (April 2018 to March 2019):
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 %.
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%.
SALES: During the year ended March 2019, the
overall two-wheeler sales of TVS Motor Company, including exports grew by 11.6%
increasing from 33.67 Lakh units registered in the year 2017-18 to 37.57 Lakh
units in the year 2018-19. Motorcycle sales during the fiscal year grew by 15.0%
increasing from 13.56 Lakh units in the year ended March 2018 to 15.59 Lakh
units in the year ended March 2019. Scooter sales grew by 14.6% increasing from
11.35 Lakh units in the year ended March 2018 to 13.01 Lakh units in the year
ended March 2019. Three-wheeler sales increased by 57.6% from 0.99 Lakh units
in the year ended March 2018 to 1.56 Lakh units in the year ended March 2019.
The total export of the Company recorded a growth of 32.8% increasing from 5.74
Lakh units in the year ended March 2018 to 7.62 Lakh units in the year ended March
The Board of Directors of the Company declared two
interim dividends for the year 2018-19. The total dividend paid for the year
ended March 2019 aggregated to Rs. 3.50 per share (350%) on 47,50,87,114 equity
shares of Re.1/- each. The Board does not recommend any further dividend for
the year under consideration.
AWARDS: TVS Motor Company
won the Two-Wheeler Manufacturer of the Year Award at Car and Bike India Awards
2019 and Excellence in Business Performance at The Economic Times Awards, Tamil
Nadu 2019. During the year, TVS NTORQ
125, swept the prestigious Scooter of the Year 2019 awards from leading
publication houses including Autocar, Bike India and Times Auto Awards. TVS
Radeon won multiple awards – namely Bike of the Year upto 125cc Commuter Bike
of the Year at Motor Vikatan Award 2019 and Bike of the Year up to 125cc at
Exhibit Auto Tech Awards 2019. TVS Apache RR 310 won Bike of the Year up to
400cc at Car and Bike India Awards 2019.
The Company bagged the prestigious
awards for Corporate Excellence and Corporate Social Responsibility at the
CII-ITC Sustainability Awards 2018. It was also awarded Green Era Award
for Sustainability & Quality and Business Excellence Award at the
International Awards by Otherways Management & Consulting, France, along
with Best CSR initiative (Two-Wheeler) at Autocar India Awards 2019.
We are a leading two and three-wheeler manufacturer,
and the flagship company of the USD 8.5 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 four years. We have been ranked No. 1 Company in the JD Power Customer
Service Satisfaction Survey for consecutive three years.