TVS Motor surges 8% on good operational performance in Q3

In Q3FY22, TVS Motor registered highest-ever operating Ebitda of Rs 568 crore, while margin improved 50 bps at 10 per cent from 9.5 per cent YoY

Shares of TVS Motor Company (TVCL) surged 8 per cent to Rs 685 on the BSE in Tuesday's intra-day trade after the company registered highest-ever operating earnings before interest tax and depreciation and amortization (Ebitda) of Rs 568 crore during December quarter (Q3FY22). 

The stock, however, pared gained and was up 1 per cent higher at Rs 644.95 at 10:29 AM, as compared to 0.40 per cent decline in the S&P BSE Sensex.

The two and three-wheeler manufacturer had posted operating Ebitda of Rs 511 crore in the quarter ended December 2020 (Q3FY21). Operating Ebitda margin improved 50 bps at 10