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 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.
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