Wabco-TVS Q1 net rises 22% to Rs 34 cr

Auto component-maker Wabco-TVS (India) today reported a 22.01% jump in net profit for the quarter ended June 30 to Rs 34.15 crore.

The company had posted a net profit of Rs 27.99 crore for the corresponding quarter last year, Wabco-TVS (India) said in a filing to the Bombay Stock Exchange (BSE).

Total income during the first quarter also increased by 21.05% to Rs 244.99 crore from Rs 202.38 crore in the year-ago period, it added.

Reacting to the results, shares of the company were trading 0.78% up at Rs 1,207 per share on the BSE in the afternoon today.