Despite significant challenges due to commodity-linked raw material prices, TVS Motor has been able to post a QoQ growth of 106 percent in its EBITDA, which came in at Rs 563 crore -- highest ever quarterly number. EBITDA margins also expanded by 307 bps as a result of rich product mix, aggressive cost-reduction measures and price hikes undertaken by the company.
first published: Oct 22, 2021 05:37 pm
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