Synopsis
The growth in exports was on account of a strong demand recovery across regions, dollar availability in the export markets, stable crude prices in energy exporting countries and stable currency movement in export markets.
ET Intelligence Group: The stock of the two-wheeler maker TVS Motor Company gained 14% on the BSE on Wednesday after it reported a long-awaited milestone of a double digit operating margin for the March quarter helped by a better product mix, increase in product prices and higher exports. Analysts have upgraded the company’s earnings estimates by 15-20% for FY22.
The operating margin before depreciation and amortisation (EBITDA margin) of the
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