Here's What Brokerages Expect From TVS Motors' Q2FY21 Numbers

Business Standard Here's what brokerages expect from TVS Motors' Q2FY21 numbers

According to the monthly sales data, TVS Motors sold 8.67 lakh units in Q2FY21.

TVS Motors is scheduled to announce its September quarter results of FY21 (Q2FY21) on Thursday and analysts are expecting a sub 10 per cent increase in the company's revenues on a year-on-year (YoY) basis, led by volume degrowth.

According to the monthly sales data, TVS Motors sold 8.67 lakh units in Q2FY21, including 8.34 lakh 2-wheelers and 33,488 3-wheelers. In comparison, the company had sold 8.85 lakh units in the year-ago quarter.

At the bourses, shares of TVS Motors rose 14.78 per cent during the September quarter as compared to 9 per cent gain in the S&P BSE Sensex, ACE Equity data show.

Here's a quick look at what leading brokerages expect from TVS Motors' September quarter nos.

Nomura The brokerage expects TVS Motors to report 8 per cent YoY growth in revenue at Rs 4,684.2 crore as compared to Rs 4347.8 crore reported in Q2FY20.

Meanwhile, net profit is seen slipping 6 per cent at Rs 185.2 crore against Rs 196.8 crore in the year-ago period.

"Ebitda margin is likely to have declined 30 bps YoY to 8.5 per cent on higher commodity prices, BS-6 costs partly offset by cost control. Ebitda is likely to come in at Rs 398.6 crore," it said.

Prabhudas Lilladher According to Prabhudas Lilladher, with volumes declining around 2 per cent YoY (up 225 per cent QoQ) coupled with growth in expected realization by around 11 per cent YoY, TVS Motors' Q2FY21 revenue is likely to grow 8.7 per cent YoY to Rs 4,724.6 crore. The bottom line is seen growing 19.5 per cent YoY to Rs 213.9 crore.