TVS Motors Q1 PAT may dip 199% YoY to Rs. 137.9 cr: Arihant Capital

Arihant Capital has come out with its first quarter (April-June’ 21) earnings estimates for the Auto sector. The brokerage house expects TVS Motors to report net profit at Rs. 137.9 crore down 199% year-on-year (down 52% quarter-on-quarter).

Net Sales are expected to increase by 167 percent Y-o-Y (down 28 percent Q-o-Q) to Rs. 3,821.1 crore, according to Arihant Capital.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 751 percent Y-o-Y (down 41 percent Q-o-Q) to Rs. 317.5 crore.

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