TVS Motor PAT sinks on high input costs

BS 200 SCORECARD

TVS Motor Company's PAT (profit after tax) for the third quarter ended December 2006 slumped 63 per cent from the PAT posted in the same quarter last financial year owing to a rise in the costs of raw materials.

For the quarter ended December 31, 2006, TVS' PAT stood at Rs 11.46 crore compared with Rs 31.06 crore in the previous corresponding period.

The company's turnover grew 8 per cent to Rs 952.98 crore during the third quarter, from Rs 883.38 crore in the same period a year ago. The high costs of inputs "� especially steel, aluminium, rubber and copper "� continued to impact the company's margins substantially, a company statement said.

The costs of raw materials during the quarter accounted for 73.1 per cent of sales, up from 69.9 per cent in the corresponding period last year.

For the nine months period ended December 31 TVS' PAT fell 34 per cent y-o-y to Rs 57.55 crore from Rs 87.91 crore.