TVS Motor Company surges on reporting 28% rise in Q3 consolidated net profit
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TVS Motor Company is currently trading at Rs. 1009.00, up by 22.80 points or 2.31% from its previous closing of Rs. 986.20 on the BSE.
The scrip opened at Rs. 994.90 and has touched a high and low of Rs. 1019.80 and Rs. 994.65 respectively. So far 38353 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1177.00 on 19-Oct-2022 and a 52 week low of Rs. 513.00 on 07-Mar-2022.
Last one week high and low of the scrip stood at Rs. 1020.00 and Rs. 968.00 respectively. The current market cap of the company is Rs. 47983.80 crore.
The promoters holding in the company stood at 50.27%, while Institutions and Non-Institutions held 41.30% and 8.43% respectively.
TVS Motor Company has reported a rise of 22.35% in its net profit at Rs 352.75 crore for third quarter ended December 31, 2022 as compared to Rs 288.31 crore for the same quarter in the previous year. Total income of the company increased 14.70% at Rs 6551.91 crore for Q3FY23 as compared to Rs 5712.16 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported rise of 28.36% in its net profit at Rs 303.64 crore for third quarter ended December 31, 2022 as compared to Rs 236.56 crore for the same quarter in the previous year. Total income of the company increased 22.23% at Rs 8075.06 crore for Q3FY23 as compared to Rs 6606.22 crore for the corresponding quarter previous year.
