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

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Most Related Links :
newsbinding Governmental News Finance News

Source link

Check Also
Back to top button