TVS Srichakra Ltd. has reported revenue for the year ended March 31, 2015 at Rs. 1,895.99 crores, which was higher by 13 per cent when compared to Rs. 1,670.99 crores in FY13-14. EBITDA at Rs. 205.62 crores is higher by 72 per cent when compared to Rs. 119.76 crores in FY13-14. EBITDA margins stood at 11 per cent, while profit after tax stood at Rs. 103.79 crores (Rs. 47.45 crores).
Commenting on the company’s financial performance, Mr. P. Vijayaraghavan, Director, TVS Srichakra Ltd., 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 thru’ our new brand identity and campaigns, our numbers are consistently growing in this segment. Our exports of both off-road and two-wheeler tyres also showed an improvement”.
He said that during 2014-15, the company increased its output from 1.70 million tyres per month to two million tyres. It is now investing Rs. 150 crores for capacity addition at its two plants in Tamil Nadu and Uttarakhand, so as to increase the overall capacity to 2.30 million tyres. This is expected to be achieved by December 2015.
While maintaining its share with the OEMs as the largest supplier to the vehicle manufacturers, TVS Srichakra did well in the aftermarket segment with a consistent increase in numbers every quarter of 2014-15. Meanwhile, the company has ventured into tractor radials for export to Europe, and this is expected to be pursued within the next 12-18 months, Mr. Vijayaraghavan added.