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.
Motilal Oswal Report
TVS Motor Company Ltd.’s operating performance was led by favorable forex and lower cost.
However, commodity cost inflation, rupee appreciation, and the reversal of employee cost to pre-Covid-19 levels from October 2020 would dilute margins.
The company’s Q2 FY21 revenue / Ebitda / adjusted profit after tax grew approximately 5.9%/12.6%/0.5% to approximately Rs 46 billion/Rs 4.3 billion/Rs 1.97 billion.
H1 FY21 revenue / Ebitda / adjusted profit after tax contracted approximately 31.5%/48%/83%.
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