Companies

New launches lift TVS Motor profit in Q4

Our Bureau Chennai | Updated on March 12, 2018 Published on April 29, 2014

Improved sales driven by new launches and upgrades have contributed to TVS Motor Co reporting a net profit for the fourth quarter of 2013-14 against a net loss in the corresponding quarter previously.

For the quarter ended March 31, 2014, the company has reported a net profit of ₹52.12 crore (net loss: ₹32.72 crore) on a total income of ₹2,053 crore (₹1,716 crore).

The company has announced a second interim dividend of 75 paise (75 per cent) a share of ₹1 taking the total dividend for 2013-14 to ₹1.40 a share.

Motorcycles sales during the quarter was 1.97 lakh units (1.85 lakh); scooter sales 1.37 lakh units (0.95 lakh); and two-wheeler exports grew to 67,000 units from 52,000 units.

Three-wheeler sales increased to 21,000 units (14,000).

In the current year, the company will introduce a new TVS StaR City+.

Also in the pipeline are upgrades across segments to strengthen the product portfolio.

Published on April 29, 2014
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