Fubotv earnings beat by $0.10, revenue topped estimates
Investing.com -- Shares of TVS Motor (NSE:TVSMOTOR) climbed 5% today after the company reported a solid performance in the first quarter, with its standalone revenue, EBITDA, and adjusted profit after tax (PAT) growing by 10%, 17%, and 27% YoY, respectively.
The two-wheeler manufacturer's EBITDA stood at Rs10.8 billion, aligning closely with Bloomberg consensus estimates.
The EBITDA margin saw a slight increase of 20 basis points quarter-on-quarter, reaching 11.9%. After adjusting for a Rs412 million fair value loss on investments, TVS Motor's standalone PAT was Rs6.6 billion, which was consistent with Bloomberg consensus estimates.
The reported standalone and consolidated PAT also showed positive trends, with the standalone PAT up by 4% YoY at Rs6.2 billion and the consolidated PAT up by 18% YoY at Rs5.7 billion.
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