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					                                                                                                      TVS MOTOR COMPANY LIMITED
                                                                                    Regd office: "Jayalakshmi Estates", 29, Haddows Road, Chennai 600 006

                              AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST MARCH 2009                                                                                      SEGMENTWISE REVENUE, RESULTS AND
                                                                                                                                                                                 CAPITAL EMPLOYED UNDER CLAUSE 41
                                                                                                      STANDALONE             CONSOLIDATED                                               OF THE LISTING AGREEMENT
                                                                                                                                                                                                                                 (Rs. in lakhs)
                                                                                     Audited            Audited                     Audited                 S.No                       Particulars                      Consoli-           Consoli-
                                                                                Year ended             Year ended               Year ended                                                                               dated               dated
                                  Particulars                                                                                                                                                                            results            results
                                                                                    31.3.2009            31.3.2008        31.3.2009          31.3.2008                                                                31.3.2009           31.3.2008
                                                                                                                                                                                                                       (Audited)           (Audited)
                                                                                       (1)                (2)                 (1)               (2)         (1)                           (2)                              (3)                  (4)
1(a) Net sales / Income from operations                                                 367092              321950            374672           327055        1     Revenue
     (b) Other Operating Income                                                               6575               5071            6645              5722
          Total Income                                                                  373667              327021            381317           332777              a. Automotive vehicles & parts                          372357                 322475
     2.   Expenditure                                                                                                                                              b. Automotive components                                     47969              13816
          a. (Increase) / decrease in stock in trade and                                      6056          (2607)               5370           (3042)             Total                                                   420326                 336291
             work in progress
          b. Consumption of materials                                                   266395              241145            268711           242444              Less : Inter segment revenue                                 45654                 9236
          c. Purchase of traded goods                                                         5561               4842            5561              4842            Net Sales / Income from operations                      374672                 327055
          d. Employees cost                                                              20452               17637              23994            20218
          e. Depreciation                                                                10288                   9459           13315            10892
          f. Other expenditure                                                           56428               53718              65521            59918       2     Results
          g. Total                                                                      365180              324194            382472           335272              Profit (+) / Loss (-) before tax and interest
     3.   Profit from Operations before other income,                                                                                                              a. Automotive vehicles & parts                           (1754)                (1986)
          Interest & Exceptional items (1-2)                                                  8487               2827          (1155)           (2495)             b. Automotive components                                       556                   58
     4.   a. Other income                                                                      302               2120               322            1578            Total                                                    (1198)                (1928)
          b. Foreign currency monetary item translation difference                             149                -             (511)                -
     5.   Profit before Interest & Exceptional items (3+4)                                    8938               4948          (1344)              (917)
     6.   Interest (net of income)                                                            5501                219            7447                 884          Less:
     7.   Profit after Interest but before Exceptional                                        3437               4729          (8791)           (1801)             i) Interest (Net)                                             7447                  884
          Items (5-6)
     8.   Exceptional Items net (expense)                                                 (327)             (1192)              (327)           (1192)             ii) Other unallocable expenditure                              473                  181
     9.   Profit (+) / Loss (-) from Ordinary Activities                                      3110               3537          (9118)           (2993)                 net of unallocable income
          before tax (7+8)
    10. Tax expense                                                                               2               360          (2700)           (2271)             Profit (+) / Loss (-) before tax                         (9118)                (2993)
11a. Net Profit (+) /Loss (-) from Ordinary Activities
          after tax (9-10)                                                                    3108               3177          (6418)              (722)
     b. Share of Profit/(loss) of associate                                                                                             98      (2103)
    12. Extraordinary Item (net of tax expense)                                               -                   -                 -                -       3     Capital employed
    13. Net Profit (+)/(Loss(-) for the period (11-12)                                        3108               3177          (6320)           (2825)             a. Automotive vehicles                                  159858                 139920
    14. Paid up equity share capital                                                                                                                               b. Automotive components                                      8440                 8945
          (Face value of Re.1/- each)                                                         2375               2375            2375              2375            Total                                                   168298                 148865
    15. Reserve excluding Revaluation Reserves as per                                    78641               79783              61643            72814
          balance sheet of previous accounting year
    16. Earnings Per Share (EPS)
    (a) Basic and diluted EPS before Extraordinary items
          for the period, for the year to date and for the
          previous year (not to be annualised)                                                1.31                1.34          (2.66)           (1.19)
    (b) Basic and diluted EPS after Extraordinary items
          for the period, for the year to date and for the
          previous year (not to be annualised)                                                1.31                1.34          (2.66)           (1.19)
    17. Public Shareholding
          - Number of shares                                                        101202164           102543557
          - Percentage of shareholding                                                    42.60                  43.17
    18. Promoters and Promoter Group Shareholding
    (a) Pledged / Encumbered
          - Number of shares                                                            Nil                Nil
          - Percentage of shares (as a % of the total
           shareholding of promoter and promoter group)                                 Nil                Nil
          - Percentage of shares (as a % of the total
           share capital of the company).                                               Nil                Nil
    (b) Non - encumbered
          - Number of shares                                                        136341393           135000000
          - Percentage of shares (as a % of the total
           shareholding of promoter and promoter group)                                  100.00             100.00
          - Percentage of shares (as a % of the total
           share capital of the company).                                                 57.40                  56.83

Notes:
1.        The operations of the company relate to only one segment viz., automotive vehicles and parts.
2.        The directors have declared an interim dividend of Re.0.70 per share absorbing a sum of Rs.1946 lakhs (including dividend distribution tax) for the year ended 31st March 2009 and the same will be paid to the
          shareholders whose names appear on the register of members as at the close of 1st July 2009.
3         a. Exceptional item of Rs 327 lakhs for the year ended 31st March 2009 represent accelerated amortisation of moulds and dies of slow moving models.
          b.Exceptional items of Rs. 1192 lakhs for the year ended 31st March 2008 represent
          - Rs.1893 lakhs towards profit on sale of land
          -Rs. 1171 lakhs towards accelerated amortisation of moulds and dies of slow moving models
          -Rs. 1914 lakhs towards accelerated amortisation of deferred product launch expenses on certain motorcycle variants
4.        As per the notification dated 31st march 2009 issued by Government of India on accounting standard AS11 the company has opted to adjust the changes in foreign exchange rates relating to long term foreign
          currency monetary items to the carrying cost of fixed assets and to foreign currency monetary item translation difference account. Accordingly effect of restatement of Rs 6120 lakhs relating to depreciable capital
          asset has been added to carrying cost of such assets. Gains from changes in foreign exchange rates earlier credited to profit & loss account to the extent of Rs 2370 lakhs has been reduced from general reserve.
          Effect of exchange rates relating to long term foreign currency monetary items ( not relating to acquisition of capital assets) is reflected through foreign currency monetary item translation difference account.
          Consequential changes in depreciation has been effected during the current year.
5.        Interest and finance charges of Rs 219 lakhs for the year ended 31st March 2008 is net of gain of Rs 2680 lakhs on re-statement of foreign currency loans and deposits.
6.        During the year the company made the following investments in its subsidiaries:
          a. Rs.1850 lakhs in the shares of its wholly owned Indian subsidiary namely Sundaram Auto Components Limited by way of subscription to 37,00,000 equity shares of Rs. 10/- at a
          premium of Rs. 40/- per share
          b. Rs 6068 lakhs (USD 13.35 million) in its wholly owned foreign subsidiary namely TVS Motor (Singapore) Pte Limited which in turn invested in the equity of the subsidiary namely PT TVS Motor
          Company, Indonesia
7.        The consolidated financial results which have been prepared in accordance with generally accepted accounting principles and comply with Accounting Standard 21 on Consolidated Financial Statements, issued by
          the Institute of Chartered Accountants of India, include the following:
                                Name of the company                             % of shareholding and voting power                       Segment                                   Consolidated as                          Period / year ended
                                                                                       of TVS Motor Company Ltd.
          a) Sundaram Auto Components Limited                                                              100%                     Auto components                                    Subsidiary                                  31.03.2009
          b) TVS Finance and Services Limited                                                             39.74%                    Financial services                                  Associate                                  31.03.2009
          c) TVS Motor (Singapore) Pte Limited                                                             100%                         Investment                                     Subsidiary                                  31.03.2009
          d) TVS Motor Company (Europe) B.V                                                                100%                         Investment                                     Subsidiary                                  31.03.2009
          e) PT TVS Motor Company Indonesia                                         54% held by (c) & 46% held by (d)       Automotive vehicles & parts                                subsidiary                                  31.03.2009
          f) TVS Andina S.A                                                                               26.00%            Automotive vehicles & parts                         Joint venture company                              31.12.2008


          Results of TVS Lanka Private Limited , Sri Lanka , an associate company in which the company holds 20% equity shares have not been included in this consolidation pending approval of their accounts by their Board
8.        Status of investor complaints:- No. of complaints received and disposed during the quarter ended 31st March 2009 - 2. No. of complaints remaining unresolved at the commencement and at the end of the quarter - Nil.
9.        Previous year's figures have been regrouped, wherever necessary, to conform to the current year's classification.
10.       The above financial results for the year ended 31st March 2009 have been reviewed by the audit committee of the board and have been approved by the board at their meeting held on 26th June 2009




Place     : Hosur
Date      : 26th June 2009                                                                                                                                                                  Chairman and Managing Director




                                                                                                                 1946

				
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