TVS Motors’ revenue surpassed Rs 10,000 crores mark in the fiscal year 2014-15, recording a 27% rise over the previous year. The company attributed its gains to a comprehensive product portfolio and acceptance of new products by the customers.
Out of revenue of Rs 10,098 crore, Rs 347.8 crore remained with company as profit after tax. For the sake of comparison, the company’s profit after tax stood at Rs 261.63 crore during the FY’13-14.
Sales figure also grew substantially from 19.93 lakh units in the year 2013-14 to 24.09 lakh units in the year 2014-15. Out of this, over 4 lakh units were exported to the foreign markets.
Buoyed by its strong financial results, TVS announced dividends of Rs 1.15 per share on the share capital of Rs. 47.51 crores.
The company plans to launch two new motorcycles this year, including a premium bike. Several existing products are expected to overhauled as the company looks to further strengthen its portfolio.