TVS Srichakra Ltd. has reported revenue for FY15-16 of Rs. 2,082.06 crores, which is higher by Rs. 182.35 crores as compared to revenue of Rs. 1,899.71 crores in FY14-15. EBITDA for FY15-16 of Rs. 344.50 crores is higher by Rs. 135.20 crores when compared to Rs. 209.30 crores in FY14-15. EBITDA margins stood at 16.5 per cent. PAT for FY15-16 stood at Rs. 197.21 crores as against Rs. 103.79 crores in FY14-15.
EBITDA improved to Rs. 344.5 crores as against Rs. 209.3 crores in the FY14-15. Depreciation charges were Rs. 42.35 crores as against Rs. 39.88 crores and interest charges were at Rs. 14.78 crores as against Rs. 29.89 crores in FY14-15.
Commenting on the company’s financial performance, Mr. P. Vijayaraghavan, Director, TVS Srichakra Ltd., said: “Our company turned out a fine performance in the financial year, with our aftermarket sales growing well supported by intense brand building activity, keeping up the significant position with the OEMs and sustaining our exports of both off-road tyres and two-wheeler tyres. Material cost reduction, efficiency improvement through operational excellence and better working capital management have led to cost control in various disciplines.”
At Reifen 2016
TVS Srichakra, one of the largest manufacturers and exporters of two & three-wheeler tyres and off-road tyres, showcased its new range of flotation radial off-road tyres and a select range of two-wheeler tyres at Reifen 2016 held in Germany during May 24 to 27.
Speaking on the participation at Reifen 2016 yet again, Mr. P. Vijayaraghavan, Director, TVS Srichakra Ltd., said: “We are very glad to be a part of Reifen once more. This expo is undeniably one of the leading global platforms, which enables us to showcase our newest range of flotation radial off-road tyres. Both ‘TIGERTOUCH’ and ‘TIGERPAW’ are designed keeping in mind the latest technological advancements and innovation in tyre manufacturing.”