TVS Motor Q4 net profit seen 11% lower at Rs 51 cr; stock down

MUMBAI: TVS Motor Company is likely to report a dip in net profit to Rs 51 crore, down 11 per cent, compared to a net profit of Rs 57.2 crore in the corresponding quarter last fiscal, says an ET Now poll.

Sales for the fourth quarter are seen at Rs 1,755 crore, up 7.3 per cent, compared to Rs 1,636 crore in the same period a year ago.

The company’s EBITDA for the quarter is seen at Rs 102 crore, up 3 per cent, as against Rs 99 crore, year-on-year (YoY). Q4 margins are seen at 5.8 per cent vs 6.1 per cent, YoY.

According to analysts, the realisations are expected to improve 12-14 per cent, YoY. Revenues are likely to get a boost from higher 3-wheeler sales. Higher discounts & dealer incentives may impact margins.

Factors to watch out for:

Management commentary important on investment, expansion plans for BMW JV, new launch pipeline, margin & market share outlook.

At 01:35 pm, the stock was at Rs 38.30, down 1.79 per cent, on the BSE. It touched a high of Rs 39.90 and a low of Rs 37.70 in trade today.