ECONOMY

TVS Motor Q4 Review – Beats Estimates Driven By Better Cost Management: Motilal Oswal

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TVS Motor Co.’s operating performance was led by lower than-expected cost inflation, price hikes, a favorable mix, and cost reduction initiatives.

While the lockdown is likely to impact in the near term, export strength, coupled with a continued focus on cost management, would support profitability.

Q4 FY21 revenue/Ebitda/adjusted profit after tax grew 53%/119%/191% year-on-year to Rs 53.2 billion/Rs 5.4 billion/Rs 2.9 billion.

FY21 revenue/Ebitda/adjusted profit after tax came in at up 2%/up 6%/ down 0.9% to Rs 167.5 billion/Rs 14.3 billion/Rs 6.1 billion.

Click on the attachment to read the full report:

Motilal Oswal TVS Motor Q4FY21 Result Review.pdf

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