TVS TYRES has registered an improved EBITDA for the first quarter of 2014-15 at Rs. 40.12 crores which is 39 per cent higher when compared to that of Rs. 28.85 crores for the first quarter of 2013-14. Revenue was 18 per cent higher at Rs. 451 crores (Rs. 382.43 crores). PAT for the quarter was Rs. 17.26 crores as compared to Rs. 6.99 crores. Depreciation charges were Rs. 6.50 crores as against Rs. 6.13 crores.
Commenting on the company’s financial performance, Mr. P. Vijayaraghavan, Director, TVS Srichakra Ltd., said: “We are optimistic that in the months to come, the improving scenario of the two-wheeler industry and aftermarket demand is sure to boost our performance still further. We are determined to deliver even better compared to our performance during the previous FY. We have always believed in understanding our stakeholders and catering to their specific needs, providing them with a focused approach and exceptional service”.