The company posted a good set of numbers for Q4FY15. Net sales at Rs.2409 crore was up 13% (YoY). Operating costs rose 15%. EBITDA came in at Rs.150 crore and margins slipped from 6.74% to 6.1%. Tax outgo was down 50% - that and the fact that in previous Q4, the company had an exceptional loss of Rs.33 crore, helped the company end the quarter with a 73% rise in consolidated net profit at Rs.90 crore.

In terms of actual sales numbers, motorcycles sales increased 12% (YoY) during the quarter at 2.21 lakh units. Scooters sales rose increased 21%, two wheeler exports grew 24% to 82,971 units in the quarter. Three wheeler sales grew 26% to 26,901 units.

In FY15, the company’s total revenue crossed the landmark Rs.10,000 crore figure – total revenue increased by 27% at Rs.10098 crore. Net profit for the fiscal rose 33% at Rs.348 crore. During the current fiscal, the company plans to introduce two new motorcycles, including TVS Victor and a high powered premium bike. In addition to this, the company has also planned upgrades of existing products to further strengthen its portfolio. The company’s total dividend tally at end of FY15 is at 190% or Rs.1.90/share (FV Re.1).