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Construction : What's up | October 2015 | Source : Equipment India

TVS Tyres posts growth

TVS Srichakra reported improved EBITDA for the first quarter 2015-16 as compared to Q1 FY 2014-15. Revenue for Q1 FY15-16 of Rs 504 crore was higher by Rs 53 crore when compared to revenue of Rs 451 crore in Q1 FY14-15. EBITDA for Q1 FY15-16 of Rs 85 crore is higher by Rs 45 crore when compared to EBITDA of Rs 40 crore in Q1 FY14-15. EBITDA margins stood at 17 per cent. Profit after tax (PAT) for Q1 FY15-16 stood at Rs 49 crore as compared to Rs 17 crore for Q1 FY14-15.
 
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