TVS Motor Company shines on reporting 49% rise in Q1 consolidated net profit
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TVS Motor Company is currently trading at Rs. 1367.00, up by 60.50 points or 4.63% from its previous closing of Rs. 1306.50 on the BSE.
The scrip opened at Rs. 1343.95 and has touched a high and low of Rs. 1385.25 and Rs. 1313.25 respectively. So far 84002 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1385.25 on 25-Jul-2023 and a 52 week low of Rs. 837.25 on 27-Jul-2022.
Last one week high and low of the scrip stood at Rs. 1385.25 and Rs. 1295.05 respectively. The current market cap of the company is Rs. 64991.92 crore.
The promoters holding in the company stood at 50.27%, while Institutions and Non-Institutions held 41.54% and 8.19% respectively.
TVS Motor Company has reported 45.90% rise in its net profit at Rs 467.67 crore for first quarter ended June 30, 2023 (Q1FY24) as compared to Rs 320.54 crore for the same quarter in the previous year. Total income of the company increased by 20.64% at Rs 7275.47 crore for Q1FY24 as compared Rs 6030.92 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 48.77% rise in net profit at Rs 441.47 crore for the quarter ended June 30, 2023 as compared to Rs 296.75 crore for the same quarter in the previous year. Total income of the company increased by 24.42% at Rs 9142.05 crore for Q1FY24 as compared Rs 7347.83 crore for the corresponding quarter previous year.
