TVS MOTOR CO = Q3 FY 2011 RESULTS = QTR ENDING DECEMBER 2010 = NET PROFIT UP A HUGE 137% = FUTURE EVEN MORE PROMISING

TVS Motor Company Limited

NSE Symbol   TVSMOTOR

TVS MOTOR COMPANY has produced excellent Results for the 3^rd quarter ending Dec,2010.

NET SALES : is Rs.1613 Cr – up by 1.49% from Q2; Up by 17.81% from Q1; Up by 35.31% from Q4 of FY 10; and up by a huge 50.42% from Q3 of FY 10.

PROFIT FROM OPERATIONS : is Rs.73 Cr – down by 8.5% from Q2; Up by    14.79% from Q1; Up by        38.25% from Q4 of FY10; and up by a HUGE 70.85% from Q3 of FY10.

NET PROFIT :  is Rs.56 Cr – up by 1.77% from Q2; Up by 38.07% from Q1; up by 174.72% from Q4 of FY10; and up by a fantastic 136.91% from Q3 of FY10.

Paid Up Equity   has increased to Rs.47.51 cr from the earlier Rs.23.75 Cr – because of a 1 : 1 Bonus issue.

Basic EPS is Rs.1.17 on the enhanced equity against Rs.0.99 in Q3 of FY10 on the lower equity – which means the earnings are much more than 100%.

The Results for Q3 are thus excellent in all respects. TVS Motor company is expected to improve its sales further in coming months - expand capacities further and clock much better results as well in coming quarters.

RESULTS IN NUMBERS :

TVS MOTOR CO	31-Dec-10	30-Sep-10	30-Jun-10	31-Mar-10	31-Dec-09
Net Sales	161346	158983	136956.85	119241.41	107262.2
DIF %1	1613	1.49	17.81	35.31	50.42
Other Opertng Income	3319	2641	2339.28	2357.91	1682.99
Increase/decrease in SIT & WIP	-6590	-4473	-2031.66	691.5	-5.25
Raw Materials	124038	118758	101553.14	80428.96	74672.74
Traded Goods	3013	2872	1862.75	2346.93	2113.46
Employees Cost	8680	8473	7291	7733.87	6271.97
Depreciation	2793	2798	2659.15	2626.9	2530.18
Other Expenditure	25464	25254	21631.09	22514.72	19108.69
Total Expenditure	157398	153682	132965.47	116342.88	104691.79
Profit from Operations	7267	7942	6330.66	5256.44	4253.4
DIF %2	73	-8.5	14.79	38.25	70.85
Other Income	723	258	411.11	442.58	90.2
Interest	961	1423	1695	1228.97	1803.4
Tax expense	1454	1299	1009	-1378	187
Net Profit	5575	5478	4037.77	2029.35	2353.2
DIF %3	56	1.77	38.07	174.72	136.91
Face Value (In Rs	1	1	1	1	1
Paid Up Equity	4751	4751	2375	2375	2375
Basic EPS	1.17	1.15	1.7	0.85	0.99
Public Shareholding (%)	40.69	40.69	39.55	39.55	39.55

ANNOUNCEMENTS

TO THE EXCHANGE

20-01-2011    Tvs Motor Company Limited has informed the Exchange that the interim dividend declared at their board meeting held on January 20, 2011 will be paid on February 01, 2011.

20-01-2011    Tvs Motor Company Limited has informed the Exchange that the directors at their meeting held on January 20, 2011 have declared an interim dividend for the financial year ending March 31, 2011 at Re.0.50 per share.    

20-01-2011    Tvs Motor Company Limited has informed the Exchange regarding a press release dated January 20, 2011, titled "TVS Motor Company Revenue Grows 51% in Q3".

20-01-2011    TVS Motor Company Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2010 as follows: Net Sales of Rs. 161346 lacs for quarter ending on 31-DEC-2010 against Rs. 107262.2 lacs for the quarter ending on 31-DEC-2009. Net Profit / (Loss) of Rs. 5575 lacs for the quarter ending on 31-DEC-2010 against Rs. 2353.2 lacs for the quarter ending on 31-DEC-2009.   -

10-01-2011    Tvs Motor Company Limited has informed the Exchange that the Company has fixed January 27, 2011 as the record date for the purpose of interim dividend, if declared at the Board Meeting to be held on January 20, 2011.       -

21-10-2010    Tvs Motor Company Limited has informed the Exchange regarding a press release dated October 21, 2010, titled "TVS Motor Company Q2 Revenue Grows 43%".

30-08-2010    Tvs Motor Company Limited has informed the Exchange that the Board of Directors at their meeting held on July 21, 2010 recommended the issue of bonus equity shares in the ratio of 1:1, subject to the approval of the shareholders through the Postal Ballot process. The shareholders of the Company have approved the proposal by way of ordinary resolutions for issue of bonus equity shares in the ratio of one new equity share of Re.1/- each for every one equity share of Re.1/- each through the postal ballot, held on August 30, 2010 by capitalizing an equivalent amount from the general reserves of the Company. Further the Company has fixed September 09, 2010 as the Record Date for determining the shareholders eligible to receive the said bonus equity shares of the Company.

FURTHER DETAILS OF THE Q3 PERFORMANCE:

Total two-wheeler sales of the company grew at 39% in the third quarter, increasing from 3.72 lakh units in the third quarter of the previous year to 5.18 lakh units in the current quarter.

Motorcycle sales grew at 40% from 1.51 lakh units in the quarter ended December 2009 to 2.11 lakh units in the reporting quarter. Scooters continued its upward growth, increasing by 64% from 0.76 lakh units in the quarter ended December 2009 to 1.24 lakh units in the current quarter.

Two wheeler exports registered 17% growth with sales increasing from 43,696 units in the quarter ended December 2009 to 51,394 units in the current quarter.

The company's three wheeler sales during the quarter grew 212% from 3,225 units in the quarter ended December 2009 to 10,079 units in the quarter ended December 2010.

At the end of the quarter under review, PT TVS Motor Company Indonesia sold 14,809 units (April '10 to December '10) in comparison with 10,448 units (April '09 to December '09) registering a growth of 42% over the same period of the previous year. Expansion of dealerships has been a key focus area and the company has added two new provinces to the existing thirteen. Upgraded models of TVS RockZ and TVS Apache will be launched in the fourth quarter. With improved sales network and product portfolio, PT. TVS is expected to vastly improve its performance in 2011-12.

TVS Wego has won the prestigious "Scooter of the Year Award" at the recently concluded CNBC TV18 Overdrive Awards 2011, NDTV Car and Bike Awards 2011, Bike India Awards 2011 and Business Standard Motoring Awards 2011. Eminent panels of jury members including auto enthusiasts and industry experts chose TVS Wego on merits of its design elegance, engine efficiency, smoothness of handling and ride quality.

      

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