TVS Motor Q1 Results: Steady performance with volume-driven growth
TVS Motor Q1 Results: Steady performance with volume-driven growth -
TVSMOTOR
1) Net profit for the period stood at ₹779 crore, which was 35% higher than the same quarter last year, and also above the CNBC-TV18 poll of ₹756 crore.
2) Revenue for the quarter also increased by 20.4% from the year-ago quarter to ₹10,081 crore. A CNBC-TV18 poll had projected the figure at ₹9,930 crore.
3) Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the company increased by 32% on a year-on-year basis to ₹1,263 crore, which was higher than expectations of ₹1,238 crore, while margins expanded by 103 basis points to 12.53% from 11.50% earlier.
4) The EBITDA margin figure for TVS Motor was also 30 basis points higher than the CNBC-TV18 estimate of 12.50%.
5) Volumes grew 5% quarter-on-quarter and 17% compared to the same period last year.
6) Results are better then expected.
7) All this is for information. This is not a buy/sell recommendation.
Thank you,
Technofunda24