InvestorQ : Why did TVS Motors report such weak numbers in the Mar-20 quarter?
Rashi Mehra made post

Why did TVS Motors report such weak numbers in the Mar-20 quarter?

Answer
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Rashi Mehra answered.
4 months ago


TVS Motors reported 45% fall in net profits at Rs.74 crore for Ma-20 quarter; largely driven by a 30% fall in sales due to the production shutdown and the demand compression. It reported revenues of Rs.3481 crore in Mar-20; done 21%. This was despite the sharp cut in expenditure during the quarter by almost 20%. Revenues for the full year were also down by 10%. Due to the cost control measures, the EBITDA margins expanded from 7.9% to 8.3%. The company has been operating at around 60% capacity utilization.