TVS Motors reports steady results
TVS Motors posted steady results for the quarter with strong revenue growth and EBITDA margin expansion.
The total revenue for the quarter rose by 11 per cent yoy to Rs. 4,153 crore in Q1FY19 as compared to Rs. 3,742 crore in Q1FY18. This was largely due to strong sales growth at 15 per cent yoy to 9,28,274 units for the quarter.
The EBITDA for the quarter rose by 45.7 per cent yoy to Rs. 306 crore in Q1FY19 as compared to Rs. 210 crore in the previous year's corresponding quarter. The EBITDA margins for the quarter expanded by 180 bps to 7.4 per cent.
The net profit for the quarter rose by 146 crore in Q1FY19 as compared to Rs.129 crore in previous year corresponding quarter.
The stock of TVS Motors was trading up by 2.3 per cent at Rs. 535.8 per share at lunch hours on Wednesday.