Two-wheeler manufacturer TVS Motor firm is expected to show a good growth in July-September quarter (Q2) as volume growth was very strong. Profit is likely to grow by 31 per cent year-on-year to Rs 152.8 cr and revenue may jump 15.8 per cent to Rs 3,337 cr in Q2, according to average of estimates of analysts polled by the media.
The company sold 8.15 lac units in Q2, a growth of 20 per cent compared with 6.78 lac units sold in year-ago period on account of new launches. Motorcycle volumes grew by 30 per cent YoY to 3.32 lac units while scooter sales rose 5 per cent YoY to 2.29 lac aided by Jupiter sales.
TVS Motor has been vulnerable to pricing pressure, hence margin was unable to rise above 6-7 per cent range despite strong revenues. Margin had disappointed in Q1 but Q2 is estimated to be better.
EBITDA or earnings before interest, tax, depreciation and amortization is seen rising 20 per cent to Rs 255.4 cr and margin may expand 30 basis points (bps) to 7.6 per cent on yearly basis.
TVS Motor Share Price History:
Meanwhile, TVS Motor share price was trading 1.61 per cent lower at Rs.393.50 on the National Stock Exchange (NSE) today. The scrip opened at Rs.400.95 from a previous closing of Rs.399.95.
TVS Motor is analyzed by Dynamic Levels Researchers and analysts as the top 500 performing stocks for the current quarter among the 1700 stocks which are listed on the National Stock Exchange (NSE). TVS Motor is fundamentally strong, financially sound and is safe for investment, as per Dynamic analysts and market experts.
In order to gain information about the support and resistance levels of the scrip and also its fundamentals and financials, please a pay a quick visit to TVS Motor share price history.
I always like to read amazingly useful and quality content. Thank you for sharing this article.
ReplyDeleteBank of Baroda Limited
Bank of India Limited
Bank of Maharashtra Ltd
Bannari Amman Spinning Mills Ltd