TVS Holdings’ shares surged over 8% after the Chennai-based automotive components maker reported a stellar performance in its third-quarter results for the financial year. As of 11:05 AM, the shares were trading 7.84% higher at Rs 9,629.10.
The company posted a remarkable 72% jump in net profit, reaching Rs 386 crore for the quarter ended December, compared to Rs 224 crore in the same period last year.
The company’s revenue also witnessed a solid 14% year-on-year growth, reaching Rs 11,458 crore, up from Rs 10,014 crore in Q3 FY24. This growth was driven by strong demand in the automotive and components sectors. The earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose by 19% to Rs 1,848 crore, while the EBITDA margin improved by 60 basis points, increasing from 15.5% to 16.1%.
In addition, TVS Holdings outperformed analysts’ expectations, as Bloomberg had estimated the company’s revenue at Rs 6,967 crore. With strong fundamentals and a consistent growth trajectory, TVS Holdings continues to demonstrate its robust position in the automotive component market.
TVS Holdings shares opened at 9,144.35, reaching a high of 9,788.60 and a low of 9,068.25 during trading. The stock’s 52-week high stands at 15,137.45, while the 52-week low is 7,833.00, reflecting notable fluctuations over the past year.
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