TVS tyres Q4 FY 2013-14 report

Indian Two and Three wheeler tyre maker TVS Srichakra has announced its unaudited financial results for Q4 ended as of 31st March, 2014. TVS Srichakra tyres has reported an improved EBITDA for Q4 FY 2013-14, compared to third quarter FY13-14.

TVS Tigertrac tyreQ4 FY 2014 Financial Highlights are as follows: Revenue for Q4 FY13-14 of Rs.456.78 crore was 9% higher wehn compared to revenue of Rs 417.60 crore in Q3 FY13-14. EBITDA for Q4 FY13-14 of Rs.35.76crore is 22% higher when compared to EBITDA of Rs.29.35 crore in Q3 FY13-14. EBITDA margins stood at 7.83%. PAT for Q4 FY14 stood at Rs.21.69 crore.

Mr.Vijayaraghavan.P, Director, TVS Srichakra Ltd said, “Despite of the complicated growth scenario we have shown a improved turnover of around 1,700 Crores in 2013- 2014 and are looking forward to targeting higher increase in this financial year. We have been constantly expanding our volumes, both in the mother plant in Madurai as well as in Rudrapur. We have been carefully analyzing the market condition as a proactive measure to the growing volumes both in OEM and aftermarket segment. We are looking forward to higher sales in 2014-2015 as compared to last fiscal.”

TVS Srichakra EBIDA improved to Rs.35.76 Crore Vs Rs.29.35 Crore in the Q3 FY13-14. Depreciation charges stood at Rs 5.83 Crore as against Rs.5.60 Crore in the Q3 FY 13-14. Interest charges were at Rs.8.81 Crore, down from Rs.11.38 Crore in the Q3 FY 13-14. PAT for the quarter was at Rs.21.69 Crore as compared to Rs. 10.50 Crore in the Q3 FY 13-14.