TVS Motor Company, one of the largest two-wheeler manufacturers in India, will announce its first quarter financial results today, Jul. 24, 2015.

Angel Broking expects the revenues to grow 14% yoy to Rs 26.33 billion. While the volumes have grown 5% yoy, the realization/vehicle should improve 9% on account of better product mix.

Operating margins are estimated to improve 80 bp yoy to 6.5%. Better product mix coupled with subdued raw material costs is likely to drive profitability.

Angel Broking said, "We estimate the net profit to grow 37% yoy to Rs 990 million. We currently have Neutral rating on the stock.''

Shares of the company gained Rs 1.3, or 0.49%, to trade at Rs 264.65. The total volume of shares traded was 58,255 at the BSE (9.56 a.m., Friday).