Mumbai: Chennai-based two and three-wheeler firm TVS Motor Company Limited reported a profit of Rs 725.4 crore for the financial year ending 31 March 2019, posting an improvement of 9.1% over the preceding year on the back of strong growth in domestic sales as well as exports.

The company’s consolidated revenue from operations for FY19 stood at Rs 20,160 crore, 20% more than FY18. Meanwhile, operational profit, or earnings before interest, tax, depreciation and amortisation expenses (EBITDA) grew 33% to Rs 2186 crore.

TVS sold 3.91 million units of its two and three-wheelers in FY19, 12.9% more than FY18. The realisation per unit, that is the average revenue earned per sale of a vehicle, improved 6.3% to Rs 51,511.

The improved realisation per unit could be attributed to the strong growth in exports by the company. While domestic sales of two-wheelers grew a healthy 9% in FY19 to 3.14 million units, total exports of TVS Motors grew 26.4%, albeit on a smaller base, to 6.22 lakh units.

On the three-wheeler front, the growth in exports was even more remarkable at 70% to 1.4 lakh units. Domestic three-wheeler sales were muted with a 1.7% growth to a meagre 16,715 units.

The depreciation of the rupee against the dollar over the course of FY19 could have further aided the company improve its realisation per unit. The rupee depreciated to its lowest ever, breaching the Rs-74-mark against the dollar in October 2019.