TVS Motor
The company posted a good set of Q3FY15 numbers with net profit for the quarter jumping 31% (Yoy) at Rs.90 crore. Revenue rose 29% at Rs.2653 crore and this was supported by a strong volume growth of 26% at 6.52 lakh units. Both, domestic as well as exports were robust with domestic sales rising 23% and exports by 43%.
Total operating costs rose 29% and this was on account of rise in raw material and employee costs. This affected the margins in the sense that EBITDA margin remained flat at 6% though profit showed a 30% rise. In terms of sales break-up, during the quarter motorcycle sales rose 20% to 2.48 lakh units, scooter sales rose the most – up 51% at 1.86 lakh units while three wheeler sales was up 36% to 28.128 units. The company declared a 75% interim dividend or Re.0.75/share (face value Re.1) and it will be paid on or after 13th Feb’15.