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TVS Motor: A high-octane drive, trades at fair value

TVS remains optimistic about a strong recovery in demand towards the second half of the current fiscal

April 28, 2021 / 12:55 PM IST
TVS Motor: A high-octane drive, trades at fair value

(Image: TVS Motor Company)

The last quarter of FY21 was a phenomenal one for TVS Motor (CMP: Rs 569.5, Market Cap: Rs 26,897 crore). A significant recovery in demand for two wheelers helped the company post more than 50 per cent growth in volumes in Q4 FY21 as compared to Q4 FY20. In fact, a significant operating leverage saw operating margins rising significantly. Quarterly earnings highlights (image) On the small base of last year’s quarter, the standalone revenues of TVS grew 53 per cent year-on-year...

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