TVS Motor Q1 PAT may rise 116.8% at Rs 112.5 cr: Emkay

Written By Unknown on Kamis, 24 Juli 2014 | 10.55

Sales are expected to increase by 9.7 percent Q-o-Q (up 35.1 percent Y-o-Y) to Rs 2377.4 crore, according to Emkay Global Financial Services.

Emkay Global Financial Services has come out with its April-June quarter earnings estimates for the automobile sector. The brokerage house expects TVS Motor Company  to report a 35.1 percent growth quarter-on-quarter (growth of 116.8 percent year-on-year) in net profit at Rs 112.5 crore.

Sales are expected to increase by 9.7 percent Q-o-Q (up 35.1 percent Y-o-Y) to Rs 2377.4 crore, according to Emkay Global Financial Services.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 23.9 percent Q-o-Q (up 88.4 percent Y-o-Y) to Rs 185.4 crore.

EBITDA margin or operating profit margin is likely to be at 7.8 percent in June quarter as against 6.9 percent in March quarter and 5.6 percent in a year ago period.

Emkay Global Financial Services' report on TVS Motor Company:

TVSL reported strong volumes for the quarter (+22 Y-o-Y, +8 percent Q-o-Q). Exports for the quarter grew 35 percent Y-o-Y and +11 percent Q-o-Q. Margins for the quarter are likely to gain from (a) better operating leverage and (b) superior product mix The company should continue to benefit from higher volumes in export markets.

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