TVS Motor Company shares surge over 5 pc on robust Q3 earnings

New Delhi, Jan 25 (PTI) Shares of TVS Motor Company Ltd surged more than 5 per cent on Wednesday after the firm reported a rise in its December quarter net profit.

The stock jumped 5.50 per cent to settle at Rs 1,038 per share on the NSE.

On the BSE, it advanced 5.18 per cent to end at Rs 1,037.30 apiece.

On Tuesday, TVS Motor Company said its consolidated net profit increased by 28 per cent to Rs 304 crore in the third quarter ended December 31, 2022.

The company had reported a net profit of Rs 237 crore for October-December 2021-22.

Total revenue increased to Rs 8,075 crore during the quarter as against Rs 6,606 crore in the year-ago period, the company said in a regulatory filing. PTI HG SHW