TVS Motor Q2 PAT seen 36% up at Rs 61 cr

MUMBAI: South-based TVS Motor Company will be announcing its quarterly results tomorrow. The company is expected to report a net profit of Rs 61 crore for the quarter ended September 2013, up 36 per cent, as compared to a net profit of Rs 45.2 crore in year ago period.

Sales for the quarter are seen at Rs 1,880 crore, up 11.2 per cent, from Rs 1,690 crore in the same quarter last fiscal.

Q2 EBITDA seen at is seen at Rs 110 crore, up 9 per cent, as compared to Rs 101.2 crore, in year-ago period. Margins are expected to remain unchanged at 5.9 per cent due to cost pressures, promotions.

According to analysts, lower interest costs and other income are likely to boost profits. Sales are expected to be good due to better sales mix. Sales are three-wheeler vehicles are expected to be high.

The stock ended at Rs 49.75, down 0.30 per cent, on the BSE. It touched a high of Rs 50.60 and a low of Rs 48.75 in trade today.