TVS Motor shares zoom 7.5% on healthy operational performance in Q2

The company's Ebidta margin improved by 50 basis points to 9.3 per cent from 8.8 per cent in Q2FY20, due to strong focus on cost reduction initiatives taken by the company

Shares of TVS Motor Company zoomed 7.5 per cent at Rs 453 on the BSE on Friday after the two-wheeler maker reported healthy operational performance in the July-September quarter of FY21 (Q2FY21).

In Q2FY21, Ebitda (earnings before interest, taxes, depreciation, and amortisation) margin improved by 50 basis points to 9.3 per cent from 8.8 per cent in Q2FY20, due to strong focus on cost reduction initiatives taken by the company.  Brokerage firm Kotak Securities had expected 33 basis points decline in Ebitda margin at 8.8 per cent for the quarter.

Net sales for the quarter stood at Rs