In the latest first-quarter earnings of 2018 – 19, TVS Motor Company, one of India’s leading two-wheeler makers, saw a sharp rise in net profit due to demand for two-wheelers and better realizations. The scooter maker which has Jupiter at scooters and Apache at motorcycles recorded a 23 per cent increase. 5% increase in profit, to 5. P&G incurred 77 billion rupees for the quarter ending June 30, 2012, from the same period of the previous year.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) margin improved to 11. 5%, up from 10. 6% a year ago. Some analysts had expected higher growth, though; brokerage Motilal Oswal had estimated 11. It also projected a 7% margin while Prabhudas Lilladher among all the Brokers estimated at 11%. 4%.
, The strong financials come out as the combined two-wheeler market in India went up by 20% roughly. I found that the percentage of below-poverty-line people slightly reduced to 4% in the June quarter compared to the previous year. The company’s self-sales increased by 14. 1%, greater than one million units sold over one quarter.
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Despite a 14. 5% increase in expenses, which was the most negligible increase for the past three quarters, TVS Motor improved its margins. Total operation revenue was up by 16% to 83. Hence the revenue estimates amounted to 76 billion rupees, though the expectation in this regard was a bit higher.
This good performance reflects the company’s surety to key in the growing demand for two-wheelers in India as well as high operational excellence.
Report By: Sonali Sarkar
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