TVS Motor Q4 preview: Profit may halve, revenue seen declining over 20%

TVS Motor Company is scheduled to announce their March quarter results for 2019-20 (Q4FY20) on Thursday. Analysts expect the company's Q4 profit to halve while revenues is seen falling over 20 per cent, led by 30 per cent decline in volumes for the quarter. According to the monthly sales update, TVS Motors sold 6.32 lakh units during the quarter. Sales in domestic markets dipped 41 per cent on a year-on-year (YoY) basis although exports registered a 14 per cent YoY growth.

Analysts at Kotak Securities expect TVS Motor's revenues to decline by 28 per cent YoY to Rs 3,150 crore and