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<tr><td colspan=10 align=center width=100%><b><font size='2'>Company : TVS Motor


Company Ltd<br>Industry : Automobiles - Motorcycles / Mopeds</font></b></td></tr>
<tr><td colspan=10 align=left width=100%><b><font size='2' color='red'>Company >>
Finance >> Profit & Loss Consolidated (Rs in Crs.)</font></b></td><br>
<table id="Baldetails" border="0" style="width:100%;">
<tr>
<td><table width='100%' align='center' cellspacing='0' cellpadding='0'
border='0' bgcolor='#ffffff'><tr><td valign='top'><table width=100%
class=tablelines cellpadding=2 cellspacing=1 border=0><tr><td class=SubSbHdrLeft
nowrap width=20%>&nbsp;Year</td><td class=SubSbHdr width=10%>Mar 15
(12)&nbsp;</td><td class=SubSbHdr width=10%>Mar 16 (12)&nbsp;</td><td
class=SubSbHdr width=10%>Mar 17 (12)&nbsp;</td><td class=SubSbHdr width=10%>Mar 18
(12)&nbsp;</td><td class=SubSbHdr width=10%>Mar 19 (12)&nbsp;</td></tr><tr><td
class=ColmElement nowrap>&nbsp;<b>&nbsp; INCOME :</b></td><td
CLASS=ColmElementWht>&nbsp;</td><td CLASS=ColmElementWht>&nbsp;</td><td
CLASS=ColmElementWht>&nbsp;</td><td CLASS=ColmElementWht>&nbsp;</td><td
CLASS=ColmElementWht>&nbsp;</td></tr><tr><td class=ColmElement nowrap>&nbsp;<a
href=''#'' onclick="javascript:return linkpopup('sto','MAN','8029','Sales Turnover
+','CPLC','con','r')" class=newlink>Sales Turnover +</a></td><td
class=ColmElementWht align='right'>11,023.97</td><td class=ColmElementWht
align='right'>12,423.93</td><td class=ColmElementWht
align='right'>13,573.89</td><td class=ColmElementWht
align='right'>16,701.75</td><td class=ColmElementWht
align='right'>20,159.99</td></tr><tr><td class=ColmElement nowrap>&nbsp;&nbsp;
Excise Duty</td><td class=ColmElementWht align='right'>768.18</td><td
class=ColmElementWht align='right'>1,046.87</td><td class=ColmElementWht
align='right'>1,111.27</td><td class=ColmElementWht align='right'>361.50</td><td
class=ColmElementWht align='right'>0.00</td></tr><tr><td class=ColmElement
nowrap>&nbsp;&nbsp; Net Sales</td><td class=ColmElementWht
align='right'>10,255.79</td><td class=ColmElementWht
align='right'>11,377.06</td><td class=ColmElementWht
align='right'>12,462.62</td><td class=ColmElementWht
align='right'>16,340.25</td><td class=ColmElementWht
align='right'>20,159.99</td></tr><tr><td class=ColmElement nowrap>&nbsp;<a
href=''#'' onclick="javascript:return linkpopup('othinc','MAN','8029','Other Income
+','CPLC','con','r')" class=newlink>Other Income +</a></td><td
class=ColmElementWht align='right'>79.61</td><td class=ColmElementWht
align='right'>96.19</td><td class=ColmElementWht align='right'>165.64</td><td
class=ColmElementWht align='right'>100.18</td><td class=ColmElementWht
align='right'>27.14</td></tr><tr><td class=ColmElement nowrap>&nbsp;<a href=''#''
onclick="javascript:return linkpopup('stock_adj','MAN','8029','Stock Adjustments
+','CPLC','con','r')" class=newlink>Stock Adjustments +</a></td><td
class=ColmElementWht align='right'>117.00</td><td class=ColmElementWht
align='right'>-62.77</td><td class=ColmElementWht align='right'>48.77</td><td
class=ColmElementWht align='right'>-33.96</td><td class=ColmElementWht
align='right'>78.95</td></tr><tr><td class=ColmElement nowrap>&nbsp;<b>&nbsp; Total
Income</b></td><td class=ColmElementWht align='right'><b>10,452.40</b></td><td
class=ColmElementWht align='right'><b>11,410.48</b></td><td class=ColmElementWht
align='right'><b>12,677.03</b></td><td class=ColmElementWht
align='right'><b>16,406.47</b></td><td class=ColmElementWht
align='right'><b>20,266.08</b></td></tr><tr><td class=ColmElement
nowrap>&nbsp;<b>&nbsp; EXPENDITURE :</b></td><td
CLASS=ColmElementWht>&nbsp;</td><td CLASS=ColmElementWht>&nbsp;</td><td
CLASS=ColmElementWht>&nbsp;</td><td CLASS=ColmElementWht>&nbsp;</td><td
CLASS=ColmElementWht>&nbsp;</td></tr><tr><td class=ColmElement nowrap>&nbsp;<a
href=''#'' onclick="javascript:return linkpopup('rmc','MAN','8029','Raw Materials
+','CPLC','con','r')" class=newlink>Raw Materials +</a></td><td
class=ColmElementWht align='right'>7,427.61</td><td class=ColmElementWht
align='right'>7,963.80</td><td class=ColmElementWht align='right'>8,985.23</td><td
class=ColmElementWht align='right'>11,257.60</td><td class=ColmElementWht
align='right'>14,033.27</td></tr><tr><td class=ColmElement nowrap>&nbsp;<a
href=''#'' onclick="javascript:return linkpopup('pfc','MAN','8029','Power & Fuel
Cost+','CPLC','con','r')" class=newlink>Power & Fuel Cost+</a></td><td
class=ColmElementWht align='right'>107.56</td><td class=ColmElementWht
align='right'>105.70</td><td class=ColmElementWht align='right'>108.83</td><td
class=ColmElementWht align='right'>128.63</td><td class=ColmElementWht
align='right'>136.59</td></tr><tr><td class=ColmElement nowrap>&nbsp;<a href=''#''
onclick="javascript:return linkpopup('emc','MAN','8029','Employee Cost
+','CPLC','con','r')" class=newlink>Employee Cost +</a></td><td
class=ColmElementWht align='right'>665.89</td><td class=ColmElementWht
align='right'>731.19</td><td class=ColmElementWht align='right'>828.05</td><td
class=ColmElementWht align='right'>1,149.79</td><td class=ColmElementWht
align='right'>1,432.15</td></tr><tr><td class=ColmElement nowrap>&nbsp;<a
href=''#'' onclick="javascript:return linkpopup('omfgexp','MAN','8029','Other
Manufacturing Expenses +','CPLC','con','r')" class=newlink>Other Manufacturing
Expenses +</a></td><td class=ColmElementWht align='right'>128.33</td><td
class=ColmElementWht align='right'>130.24</td><td class=ColmElementWht
align='right'>142.71</td><td class=ColmElementWht align='right'>156.57</td><td
class=ColmElementWht align='right'>155.03</td></tr><tr><td class=ColmElement
nowrap>&nbsp;<a href=''#'' onclick="javascript:return
linkpopup('sac','MAN','8029','Selling and Administration Expenses
+','CPLC','con','r')" class=newlink>Selling and Administration Expenses
+</a></td><td class=ColmElementWht align='right'>1,012.98</td><td
class=ColmElementWht align='right'>1,138.80</td><td class=ColmElementWht
align='right'>1,137.29</td><td class=ColmElementWht align='right'>1,370.71</td><td
class=ColmElementWht align='right'>1,269.93</td></tr><tr><td class=ColmElement
nowrap>&nbsp;<a href=''#'' onclick="javascript:return
linkpopup('othexp','MAN','8029','Miscellaneous Expenses +','CPLC','con','r')"
class=newlink>Miscellaneous Expenses +</a></td><td class=ColmElementWht
align='right'>425.17</td><td class=ColmElementWht align='right'>428.45</td><td
class=ColmElementWht align='right'>440.52</td><td class=ColmElementWht
align='right'>700.54</td><td class=ColmElementWht
align='right'>1,051.15</td></tr><tr><td class=ColmElement nowrap>&nbsp;<a
href=''#'' onclick="javascript:return linkpopup('expcap','MAN','8029','Less: Pre-
operative Expenses Capitalised+','CPLC','con','r')" class=newlink>Less: Pre-
operative Expenses Capitalised+</a></td><td class=ColmElementWht
align='right'>0.00</td><td class=ColmElementWht align='right'>0.00</td><td
class=ColmElementWht align='right'>0.00</td><td class=ColmElementWht
align='right'>0.00</td><td class=ColmElementWht align='right'>0.00</td></tr><tr><td
class=ColmElement nowrap>&nbsp;&nbsp; Total Expenditure</td><td
class=ColmElementWht align='right'>9,767.54</td><td class=ColmElementWht
align='right'>10,498.18</td><td class=ColmElementWht
align='right'>11,642.63</td><td class=ColmElementWht
align='right'>14,763.84</td><td class=ColmElementWht
align='right'>18,078.12</td></tr><tr><td class=ColmElement nowrap>&nbsp;&nbsp;
Operating Profit</td><td class=ColmElementWht align='right'>684.86</td><td
class=ColmElementWht align='right'>912.30</td><td class=ColmElementWht
align='right'>1,034.40</td><td class=ColmElementWht align='right'>1,642.63</td><td
class=ColmElementWht align='right'>2,187.96</td></tr><tr><td class=ColmElement
nowrap>&nbsp;<a href=''#'' onclick="javascript:return
linkpopup('INT','MAN','8029','Interest +','CPLC','con','r')"
class=newlink>Interest +</a></td><td class=ColmElementWht
align='right'>62.11</td><td class=ColmElementWht align='right'>70.02</td><td
class=ColmElementWht align='right'>59.62</td><td class=ColmElementWht
align='right'>338.22</td><td class=ColmElementWht
align='right'>663.40</td></tr><tr><td class=ColmElement nowrap>&nbsp;&nbsp; Gross
Profit</td><td class=ColmElementWht align='right'>622.75</td><td
class=ColmElementWht align='right'>842.28</td><td class=ColmElementWht
align='right'>974.78</td><td class=ColmElementWht align='right'>1,304.41</td><td
class=ColmElementWht align='right'>1,524.56</td></tr><tr><td class=ColmElement
nowrap>&nbsp;<a href=''#'' onclick="javascript:return
linkpopup('depn','MAN','8029','Depreciation+','CPLC','con','r')"
class=newlink>Depreciation+</a></td><td class=ColmElementWht
align='right'>178.59</td><td class=ColmElementWht align='right'>262.19</td><td
class=ColmElementWht align='right'>316.82</td><td class=ColmElementWht
align='right'>373.60</td><td class=ColmElementWht
align='right'>441.71</td></tr><tr><td class=ColmElement nowrap>&nbsp;&nbsp;
Minority Interest (before tax)</td><td class=ColmElementWht
align='right'>0.00</td><td class=ColmElementWht align='right'>0.00</td><td
class=ColmElementWht align='right'>0.00</td><td class=ColmElementWht
align='right'>0.00</td><td class=ColmElementWht align='right'>0.00</td></tr><tr><td
class=ColmElement nowrap>&nbsp;&nbsp; Profit Before Tax</td><td
class=ColmElementWht align='right'>444.16</td><td class=ColmElementWht
align='right'>580.09</td><td class=ColmElementWht align='right'>657.96</td><td
class=ColmElementWht align='right'>930.81</td><td class=ColmElementWht
align='right'>1,082.85</td></tr><tr><td class=ColmElement nowrap>&nbsp;<a
href=''#'' onclick="javascript:return
linkpopup('tax','MAN','8029','Tax+','CPLC','con','r')"
class=newlink>Tax+</a></td><td class=ColmElementWht align='right'>97.03</td><td
class=ColmElementWht align='right'>134.58</td><td class=ColmElementWht
align='right'>167.10</td><td class=ColmElementWht align='right'>248.40</td><td
class=ColmElementWht align='right'>363.18</td></tr><tr><td class=ColmElement
nowrap>&nbsp;<a href=''#'' onclick="javascript:return
linkpopup('fbtax','MAN','8029','Fringe Benefit Tax+','CPLC','con','r')"
class=newlink>Fringe Benefit Tax+</a></td><td class=ColmElementWht
align='right'>0.00</td><td class=ColmElementWht align='right'>0.00</td><td
class=ColmElementWht align='right'>0.00</td><td
class=ColmElementWht align='right'>0.00</td><td class=ColmElementWht
align='right'>0.00</td></tr><tr><td class=ColmElement nowrap>&nbsp;<a href=''#''
onclick="javascript:return linkpopup('deftax','MAN','8029','Deferred
Tax+','CPLC','con','r')" class=newlink>Deferred Tax+</a></td><td
class=ColmElementWht align='right'>26.91</td><td class=ColmElementWht
align='right'>16.87</td><td class=ColmElementWht align='right'>-18.43</td><td
class=ColmElementWht align='right'>17.63</td><td class=ColmElementWht
align='right'>-5.73</td></tr><tr><td class=ColmElement nowrap>&nbsp;&nbsp; Net
Profit</td><td class=ColmElementWht align='right'>320.22</td><td
class=ColmElementWht align='right'>428.64</td><td class=ColmElementWht
align='right'>509.29</td><td class=ColmElementWht align='right'>664.78</td><td
class=ColmElementWht align='right'>725.40</td></tr><tr><td class=ColmElement
nowrap>&nbsp;&nbsp; Minority Interest (after tax)</td><td class=ColmElementWht
align='right'>0.00</td><td class=ColmElementWht align='right'>-0.51</td><td
class=ColmElementWht align='right'>-1.95</td><td class=ColmElementWht
align='right'>12.43</td><td class=ColmElementWht
align='right'>20.73</td></tr><tr><td class=ColmElement nowrap>&nbsp;&nbsp;
Profit/Loss of Associate Company</td><td class=ColmElementWht
align='right'>8.04</td><td class=ColmElementWht align='right'>0.00</td><td
class=ColmElementWht align='right'>0.00</td><td class=ColmElementWht
align='right'>0.00</td><td class=ColmElementWht align='right'>0.00</td></tr><tr><td
class=ColmElement nowrap>&nbsp;&nbsp; Net Profit after Minority Interest & P/L
Asso.Co.</td><td class=ColmElementWht align='right'>328.26</td><td
class=ColmElementWht align='right'>429.15</td><td class=ColmElementWht
align='right'>511.24</td><td class=ColmElementWht align='right'>652.35</td><td
class=ColmElementWht align='right'>704.67</td></tr><tr><td class=ColmElement
nowrap>&nbsp;<a href=''#'' onclick="javascript:return
linkpopup('pyadj','MAN','8029','Extraordinary Items +','CPLC','con','r')"
class=newlink>Extraordinary Items +</a></td><td class=ColmElementWht
align='right'>39.81</td><td class=ColmElementWht align='right'>36.58</td><td
class=ColmElementWht align='right'>-1.84</td><td class=ColmElementWht
align='right'>-18.70</td><td class=ColmElementWht align='right'>-
0.80</td></tr><tr><td class=ColmElement nowrap>&nbsp;&nbsp; Adjusted Net
Profit</td><td class=ColmElementWht align='right'>288.45</td><td
class=ColmElementWht align='right'>392.57</td><td class=ColmElementWht
align='right'>513.08</td><td class=ColmElementWht align='right'>671.05</td><td
class=ColmElementWht align='right'>705.47</td></tr><tr><td class=ColmElement
nowrap>&nbsp;<a href=''#'' onclick="javascript:return
linkpopup('extraitem','MAN','8029','Adjst. below Net Profit +','CPLC','con','r')"
class=newlink>Adjst. below Net Profit +</a></td><td class=ColmElementWht
align='right'>116.28</td><td class=ColmElementWht align='right'>-28.94</td><td
class=ColmElementWht align='right'>13.60</td><td class=ColmElementWht
align='right'>-5.01</td><td class=ColmElementWht align='right'>-
3.49</td></tr><tr><td class=ColmElement nowrap>&nbsp;&nbsp; P & L Balance brought
forward</td><td class=ColmElementWht align='right'>-3.42</td><td
class=ColmElementWht align='right'>660.93</td><td class=ColmElementWht
align='right'>852.41</td><td class=ColmElementWht align='right'>1,234.29</td><td
class=ColmElementWht align='right'>1,674.61</td></tr><tr><td class=ColmElement
nowrap>&nbsp;&nbsp; Statutory Appropriations</td><td class=ColmElementWht
align='right'>0.00</td><td class=ColmElementWht align='right'>0.00</td><td
class=ColmElementWht align='right'>0.00</td><td class=ColmElementWht
align='right'>17.81</td><td class=ColmElementWht
align='right'>22.42</td></tr><tr><td class=ColmElement nowrap>&nbsp;<a href=''#''
onclick="javascript:return linkpopup('approp','MAN','8029','Appropriations
+','CPLC','con','r')" class=newlink>Appropriations +</a></td><td
class=ColmElementWht align='right'>115.83</td><td class=ColmElementWht
align='right'>208.73</td><td class=ColmElementWht align='right'>142.96</td><td
class=ColmElementWht align='right'>189.21</td><td class=ColmElementWht
align='right'>215.19</td></tr><tr><td class=ColmElement nowrap>&nbsp;&nbsp; P & L
Balance carried down</td><td class=ColmElementWht align='right'>325.29</td><td
class=ColmElementWht align='right'>852.41</td><td class=ColmElementWht
align='right'>1,234.29</td><td class=ColmElementWht align='right'>1,674.61</td><td
class=ColmElementWht align='right'>2,138.18</td></tr><tr><td class=ColmElement
nowrap>&nbsp;&nbsp; Dividend</td><td class=ColmElementWht
align='right'>97.20</td><td class=ColmElementWht align='right'>173.41</td><td
class=ColmElementWht align='right'>118.78</td><td class=ColmElementWht
align='right'>156.78</td><td class=ColmElementWht
align='right'>166.28</td></tr><tr><td class=ColmElement nowrap>&nbsp;&nbsp;
Preference Dividend</td><td class=ColmElementWht align='right'>0.00</td><td
class=ColmElementWht align='right'>0.00</td><td class=ColmElementWht
align='right'>0.00</td><td class=ColmElementWht align='right'>0.00</td><td
class=ColmElementWht align='right'>0.00</td></tr><tr><td class=ColmElement
nowrap>&nbsp;&nbsp; Equity Dividend (%)</td><td class=ColmElementWht
align='right'>190.00</td><td class=ColmElementWht align='right'>250.00</td><td
class=ColmElementWht align='right'>250.00</td><td class=ColmElementWht
align='right'>330.00</td><td class=ColmElementWht
align='right'>350.00</td></tr><tr><td class=ColmElement nowrap>&nbsp;&nbsp;
Dividend Per Share(Rs)</td><td class=ColmElementWht align='right'>1.90</td><td
class=ColmElementWht align='right'>2.50</td><td class=ColmElementWht
align='right'>2.50</td><td class=ColmElementWht align='right'>3.30</td><td
class=ColmElementWht align='right'>3.50</td></tr><tr><td class=ColmElement
nowrap>&nbsp;&nbsp; EPS before Minority Interest (Unit Curr.)</td><td
class=ColmElementWht align='right'>6.35</td><td class=ColmElementWht
align='right'>8.28</td><td class=ColmElementWht align='right'>10.21</td><td
class=ColmElementWht align='right'>13.99</td><td class=ColmElementWht
align='right'>15.27</td></tr><tr><td class=ColmElement nowrap>&nbsp;&nbsp; EPS
before Minority Interest (Adj) (Unit Curr.)</td><td class=ColmElementWht
align='right'>6.35</td><td class=ColmElementWht align='right'>8.28</td><td
class=ColmElementWht align='right'>10.21</td><td class=ColmElementWht
align='right'>13.99</td><td class=ColmElementWht
align='right'>15.27</td></tr><tr><td class=ColmElement nowrap>&nbsp;&nbsp; EPS
after Minority Interest (Unit Curr.)</td><td class=ColmElementWht
align='right'>6.52</td><td class=ColmElementWht align='right'>8.29</td><td
class=ColmElementWht align='right'>10.25</td><td class=ColmElementWht
align='right'>13.73</td><td class=ColmElementWht
align='right'>14.83</td></tr><tr><td class=ColmElement nowrap>&nbsp;&nbsp; EPS
after Minority Interest (Adj) (Unit Curr.)</td><td class=ColmElementWht
align='right'>6.52</td><td class=ColmElementWht align='right'>8.29</td><td
class=ColmElementWht align='right'>10.25</td><td class=ColmElementWht
align='right'>13.73</td><td class=ColmElementWht
align='right'>14.83</td></tr><tr><td class=ColmElement nowrap>&nbsp;&nbsp; Book
Value (Unit Curr.)</td><td class=ColmElementWht align='right'>25.92</td><td
class=ColmElementWht align='right'>38.28</td><td class=ColmElementWht
align='right'>46.64</td><td class=ColmElementWht align='right'>56.35</td><td
class=ColmElementWht align='right'>66.73</td></tr><tr><td class=ColmElement
nowrap>&nbsp;&nbsp; Book Value (Adj) (Unit Curr.)</td><td class=ColmElementWht
align='right'>25.92</td><td class=ColmElementWht align='right'>38.28</td><td
class=ColmElementWht align='right'>46.64</td><td class=ColmElementWht
align='right'>56.35</td><td class=ColmElementWht
align='right'>66.73</td></tr></TABLE></td></tr></TABLE></td>
</tr>
</table></tr>
<tr><td align=left><font face=Verdana
size='2'><b>https://www.capitaline.com</b></font></td></tr>
</table>

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