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TVS Motor shares rise 4% after Q1 results

The stock gained 3.91 percent to end at Rs 548.75 on BSE. Intra-day, it surged 6 per cent to Rs 560.15.


PTI 07 Aug 2018, 12:05 PM India

Shares of TVS Motor Company today rose by nearly 4 percent after it reported 13.2 percent increase in profit after tax (PAT) for the June quarter.

The stock gained 3.91 percent to end at Rs 548.75 on BSE. Intra-day, it surged 6 percent to Rs 560.15.

At NSE, shares of the company jumped 3.70 percent to close at Rs 547.35.

In terms of equity volume, 9.16 lakh shares of the company were traded on BSE and over one crore shares changed hands at NSE during the day.

TVS Motor Company today posted 13.2 percent increase in profit after tax (PAT) to Rs 146.6 crore for the June quarter, riding on the back of robust sales across verticals.

The company had reported a PAT of Rs 129.5 crore for April-June last year.

Total revenue grew to Rs 4,171 crore in the first quarter of the current fiscal as compared with Rs 3,456.6 crore in the year-ago period, TVS Motor said in a statement.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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