TVS Motor Q4 net likely rise 2.38 times: Angel

TVS Motor Commpany, the third largest two-wheeler manufacturer in India will announce it Q4FY10 results today. Angel Broking expects the bottom-line is expected to grow by 2.38 times y-o-y to Rs 348 million.

It expects the company`s top-line to grow by 39% y-o-y to Rs 12,400 millionon account of about 27.8% y-o-y growth in volumes and higher realisations.

On the operating front, the EBITDA margin is expected to expand by 264 bp y-o-y to 6.1%, it notes.

Shares of the company gained Rs 2.55, or 2.95%, to trade at Rs 88.85. The total volume of shares traded was 442,197 at the BSE (10.26 a.m., Wednesday).
Source  Indiacar.com Source : Myiris.com (4/21/2010)