Dolat Capital: TVS Motor Q2 Review - Positives Priced In
Signage seen at the PT TVS Motor Company Indonesia Factory in Karawang, near Jakarta, Indonesia. (Photographer: Dimas Ardian/Bloomberg News)

Dolat Capital: TVS Motor Q2 Review - Positives Priced In

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.

Dolat Capital Report

TVS Motor Company Ltd.’s Q2 FY21 numbers were broadly in line with estimates.

Ebitda grew 13% YoY to Rs 4.3 billion with expanded margin at 9.3% due to cost control initiatives and benefit of operating leverage.

The company has seen marginal growth in retail sales during the Navratri period and is cautiously optimistic about Diwali sales with increasing preference for personal mobility and improvement in rural sentiment.

Urban demand is also catching up well with lockdown restrictions easing out.

Click on the attachment to read the full report:

Dolat Capital TVS Motor Q2FY21 Result Update.pdf


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