New launches helped TVS Motor report 11% growth in 2013-14

TVS Motor Company has reported a revenue growth of 21% increasing from Rs 1775 crores during the fourth quarter of 2013 to Rs 2156 crore in the fourth quarter of the financial year ended March 2014. The revenue for the FY 2013-14 has grown 11% to Rs 7962 crores.

The company's profit from operation hiked from Rs 63 crore in the fourth quarter 2013 to Rs 101 crore in Q4 2014. Profit After Tax (PAT) has increased from the last year's Rs 33 crores to Rs 52 crores, this year.

TVS says Motorcycles sales have gone up from 1.85 lakh units in the Q4 2013 to 1.93 lakh in the corresponding time, this year. Scooter sales too have increased to 1.37 lakh units in the fourth quarter of 2013-14 from 95,000 units in Q4 last year. The company has reported an increase in the two wheeler exports too, as against the last year fourth quarter's 52,000, TVS exported 67,000 units in the corresponding time, this year.

The company says that new launches and upgrades helped the company increase its sales.