 "TVS")
Shares of TVS Motor Company rallied 15 per cent in Wednesday's session after the two-wheeler maker posted better-than-expected results for the quarter ended March 2021 (Q4FY21).
The company on Tuesday posted a nearly four-fold increase in its consolidated net profit to Rs 319.19 crore for the fourth quarter of FY21, riding on the back of robust sales in the domestic and international markets.
Revenue from operations rose to Rs 6,131.90 crore in the fourth quarter from Rs 4,104.71 crore in the same period of 2019-20 fiscal. The Ebitda (earnings before interest, tax, depreciation and amortisation) jumped 119
The company on Tuesday posted a nearly four-fold increase in its consolidated net profit to Rs 319.19 crore for the fourth quarter of FY21, riding on the back of robust sales in the domestic and international markets.
Revenue from operations rose to Rs 6,131.90 crore in the fourth quarter from Rs 4,104.71 crore in the same period of 2019-20 fiscal. The Ebitda (earnings before interest, tax, depreciation and amortisation) jumped 119
