TVS Motor Q2 PAT seen up 29% at Rs 70.6 cr

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TVS Motor Q2 PAT seen up 29% at Rs 70.6 cr

TVS Motor is to announce its second quarter results. According to CNBC-TV18's estimates, the company's Q2FY12 revenues are seen up 21% at Rs 1955 crore versus Rs 1616 crore.

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TVS Motor is to announce its second quarter results. According to CNBC-TV18's estimates, the company's Q2FY12 revenues are seen up 21% at Rs 1955 crore versus Rs 1616 crore.

Its OPM is seen at 7% versus 6.6%.

The company's PAT is seen up 29% at 70.6 crore versus Rs 54.7 crore.

QoQ

Its revenues are seen up 12% at Rs 1955 crore versus Rs 1746 crore.

Its OPM at 7% versus 6.74%.

The company's PAT is seen up 19% at Rs 70.6 crore versus Rs 58.8 crore. 

What to watch out for :

* Will have the highest profit growth in 2W sector due to low comparable base, low interest cost and good volume run rate
* BAL profits up only 6% due to MTM forex loss while Hero Moto profits were up 19%
* volume growth been very strong in the quarter, witnessed no slowdown due to rate hikes.
* despite higher commodity costs , volume growth to support higher QoQ margins   

Q2 Volume growth YoY
Total vol up 15.5% at 6.06 lk vs 5.24 lk
Motorcycles up 15.3% at 2.41 lk vs 2.09 lk
Scooters up 27.2% at 1.58 lk vs 1.24 lk
3W up 19.5% at 11893 vs 9956 units
Exports up 42% at 83457 units