TVS Tyres posts 13% higher revenues in 2014-15

TVS Tyres, which manufactures two- and three-wheeler tyres, has posted 13% higher revenues for FY2014-15 of Rs 1,895.99 crore, compared to Rs 1,670.99 crore in FY2013-14.

EBITDA for FY2014-15 of Rs 205.62 crore is higher by 72% when compared Rs 119.76 crore in FY2013-14. Profit after tax for FY2014 -15 stood at Rs 103.79 crore as compared to Rs 47.45 crore in FY2013-14.

Commenting on the company’s financial performance, P Vijayaraghavan, director, TVS Srichakra, said, “We could maintain our share with the OEMs as the largest supplier to the vehicle manufacturers.  Our company did exceedingly well in the aftermarket segment with a consistent increase in our numbers every quarter of 2014-15.  With the thrust given in our aftermarket segment through our brand new identity and campaigns, our numbers are consistently growing in this segment.  Our exports of both off-road and two-wheeler tyres have also showed an improvement.”