TVS Motor is expected to announce its Q2 results on October 23.

What Happened: TVS Motor is expected to see its net profit rise 27% to ₹684.58 crore in the September quarter. The two wheeler major’s revenue might come at ₹9,469.36 crore, increasing by 16% while EBITDA might come at ₹1,102.16 crore, a 27% increase.

In the previous year, TVS Motor reported net profit of ₹536.6 crore, ₹8,144.6 crore revenue and ₹824.4 crore EBITDA.

See Also: Zomato’s Q2 Net Profit Skyrockets Nearly 5 Times To ₹176 Cr But Misses Analysts’ Estimates

Nuvama expects the company to post strong revenue growth on the back of robust volumes and EBITDA margin to expand on better net pricing.

Motilal Oswal said the two wheeler volumes grew 15% year on year in Q2. The domestic and exports grew at similar rates. While three wheeler volume declined by 12% as three wheeler exports fell 19%.

Kotak Institutional Equities expect a 17% increase in revenue backed by volume growth and 2-3% increase in average selling price due to richer product mix consisting of premium and EV two wheeler segments.

Price Action: Shares of TVS Motor fell 2.47% to ₹2,670 on Tuesday ahead of its results.

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