TVS Motors is expected to announce its June quarterly results on August 6.

What Happened: The two-wheeler major’s standalone revenue is expected to rise 16.27% year on year to ₹8,392.88 crore according to the average of five brokerages’ estimates. The company’s profits may rise 23.41% from the previous year to ₹577.2 crore. EBITDA margin is expected to rise 72 basis points to 11.32%.

In the June quarter of the previous fiscal year, TVS Motors had reported a revenue of ₹7,217.9 crore and a net profit of ₹467.7 crore.

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Kotak Institutional Equities expects revenue to rise by 14% led by a 14% year-on-year increase in volumes and a flat average selling price in year-on-year terms. It expects the EBITDA margin to increase by 80 bps due to operating leverage benefits and a richer product mix which will be offset by higher losses in the EV segment.

Nuvama Institutional Equities are also predicting robust volume growth and better realisation to support revenue growth. EBITDA margin is likely to expand on better pricing.

Emkay Global also looks at the average selling price to be flat sequentially due to a better domestic mix being offset by an adverse export model mix. Higher aluminium prices are counteracting the volume growth, leading to flat margins on a sequential basis.

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