Neutral TVS Motor Company Ltd For Target Rs. 2,631 by Motilal Oswal Financial Services Ltd
* 2W volumes grew 11% YoY, while 3W volumes declined 23% YoY, resulting in overall volume growth of ~10% YoY. Overall, we expect TVSL to post ~10% YoY revenue growth.
* We expect EBITDA margin to remain largely stable QoQ at 11.6%.
* Overall, we expect TVSL to post 10% YoY growth in earnings in 3Q.

For More Research Reports : Click Here
For More Motilal Oswal Securities Ltd Disclaimer
http://www.motilaloswal.com/MOSLdisclaimer/disclaimer.html
SEBI Registration number is INH000000412
Tag News
Reduce TVS Motor Company Ltd for the Target Rs. 3,400 by Choice Institutional Equities
