Moneycontrol
Last Updated : Jan 30, 2018 10:47 AM IST | Source: CNBC-TV18

TVS Motor Q3 earnings to announce on Jan 30; here are 5 things to watch out

Net realisations are expected to rise 4.4 percent year-on-year to Rs 43,362 per unit due to favourable sales mix.

Two and three-wheeler maker TVS Motor Company is set to announce its third quarter (October-December) earnings on January 30. Analysts expect good earnings from the company, citing strong volume growth.

The stock, which touched a record high of Rs 794 on January 2 (2018), is in bull market of its own and rallied 35 percent in last 6 months.

Here are five key things to know:

Profit

Company's profit during the quarter is expected to grow by 31 percent to Rs 174 crore compared to Rs 132.7 crore in year-ago period, according to average of estimates of analysts polled by CNBC-TV18.

Revenue

Revenue from operations is seen rising 20 percent to Rs 3,589 crore, compared to Rs 2,983.4 crore in corresponding quarter of last fiscal.

Operational Performance

EBITDA (earnings before interest, tax, depreciation and amortisation) may increase 31.8 percent to Rs 288 crore for quarter ended December 2017, compared to Rs 218.5 crore in same quarter last year.

Operating profit margin during the quarter is expected to expand to 8 percent, from 7.3 percent in year-ago.

The operational growth may be driven by strong revenue growth. Operating leverage benefits may offset by higher commodity prices.

Sales Volumes

TVS Motor has registered a 15 percent volume growth led by strong rise in scooters and three-wheeler.

The company sold 8.26 lakh units in quarter gone by, against 7.18 lakh units sold in corresponding quarter.

Domestic volumes rose 10.5 percent YoY to 6.85 lakh units from 6.20 lakh units and export volumes climbed 41 percent to 1.40 lakh units from 98,657 units.

Motorcycle sales volumes in Q3 increased 27 percent year-on-year to 3.14 lakh units, from 2.47 lakh units; and scooter volumes jumped 21 percent to 2.69 lakh units from 2.21 lakh units.

Realisations

Net realisations are expected to rise 4.4 percent year-on-year to Rs 43,362 per unit due to favourable sales mix.

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First Published on Jan 30, 2018 09:36 am
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