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.
Nirmal Bang Report
TVS Motor Company Ltd. reported Ebitda of Rs 4.3 billion, beating our estimate of Rs 3.5 billion, driven by cost reduction initiatives, price hikes (approximately 1.5% on blended basis in July), partially offset by limited BS-VI pass through and adverse segment mix.
Net sales grew by 6% YoY to approximately Rs 46.1 billion, marginally above our estimate of approximately Rs 45.2 billion on the back of higher-than-expected increase of 8% YoY in average selling price on account of BS-VI price increase.
Click on the attachment to read the full report:
DISCLAIMER
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 brokerage 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.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR