TVS Motor Company has reported Q1FY18 standalone results for the quarter, which saw an EBITDA miss - nearly 25% lower than analyst estimates. The company's net profit for the quarter came in at Rs. 129 crore, a yoy increase of 6.6%, significantly lower than expected. 

The firm's standalone revenues were Rs. 3743 crore, n 18.9% yoy increase compared to the same quarter in FY17. Revenue growth was enabled by scooter sales, which rose to 2.58 lakh units from 1.96 lakh units last Q1. EBITDA margin shrunk by 71 bps. The company's share price fell sharply on the results announcement.