PBT grows 49 % ; PAT grows 40 %

Highest Retail Sales of 2,50,000 units in October 2011

TVS Motor Company recorded the highest ever retail sales of 2,50,000 vehicles for the Pooja and Diwali season of 2011. This is 20% higher than the same festival season last year. The company witnessed high retail growth during the season which has resulted in significant liquidation of stocks, both at the company and dealer end. Therefore, sales projection for the months of November and December is expected to be above the 200,000 mark per month. The seven day annual maintenance shutdown of the company took place in the month of October 2011, coinciding with Diwali.

The company sold 1,83,718 units in October 2011 against 1,95,271 units in October 2010. Cumulative sales for the period April to October 2011 grew by 12% with sales of 1,324,077 units against 1,184,065 units recorded in the previous comparable period. The company is confident of achieving a 15% plus growth for the current year.

Second Quarter Results

Consistent contributions from a complete product portfolio has enabled TVS Motor Company to record 23% growth in revenue in the second quarter of the current financial year The company's revenues grew to Rs.1992 crore in the quarter ended September 2011 from Rs.1616 crore in the corresponding quarter of the previous financial year.

Profit before tax during the quarter under review grew 49% at Rs.101 crore compared to Rs.68 crore recorded in the comparable period of the previous year. Profit after tax in the current quarter grew at 40% to Rs.77 crore from Rs.55 crore in the previous comparable quarter.

Total two-wheeler sales of the company grew at 16 % in the second quarter of the current fiscal at 5.97 lakh units compared with 5.16 lakh units in the corresponding period of the previous year. Motorcycles sales grew at 15% to 2.41 lakh units in the reporting quarter from 2.10 lakh units in the quarter ended September 2010. Scooters grew at 27% to 1.59 lakh units in the current quarter from 1.25 lakh units during the corresponding quarter of the previous year.

Two wheeler exports registered 31% growth with sales increasing to 0.76 lakh units in the current quarter from 0.58 lakh units in the quarter ended September 2010.

Three wheeler sales during the quarter grew by 19% to 11699 units in the quarter ended September 2011 from 9826 units in the quarter ended September 2010.

During the quarter, PT TVS Motor Company Indonesia registered total two wheeler sales of about 7837 units in comparison with 5315 units recorded in the same period of the previous year.