TVS Motor Company rose 2.62% to Rs 172.35 at 12:03 IST on NSE after sales rose 23% in June 2014 over June 2013.
The company made the announcement after market hours on Wednesday, 2 July 2014.
Meanwhile, the CNX Nifty was up 1.45 points, or 0.02%, to 7,726.60
On NSE, so far 17.92 lakh shares were traded in the counter. The stock hit a high of Rs 174.50 and low of Rs 170 so far during the day.
The mid-cap company has an equity capital of Rs 47.51 crore. Face value per share is Re 1.
TVS Motor Company recorded 23% growth in sales to 2.02 lakh units in June 2014 over June 2013. Total exports grew by 24% to 32,290 units in June 2014 over June 2013. Two wheeler exports registered a growth of 26% to 25,237 units in June 2014 over June 2013.
Total two-wheeler sales increased by 23% to 1.93 lakh units in June 2014 over June 2013. Domestic two-wheeler sales registered a growth of 23% to 1.68 lakh units in June 2014 over June 2013. Scooters sales surged 46% to 56,524 units in June 2014 over June 2013. Motorcycles sales grew by 27% to 74,772 units in June 2014 over June 2013. The recently launched TVS StaR City+ has been well received in the market, TVS Motor Company said.
Three-wheeler sales rose 24% to 8,419 units in June 2014 over June 2013.
TVS Motor Company posted 23% growth in total sales to 5.84 lakh units in Q1 June 2014 over Q1 June 2013.
TVS Motor Company reported net profit of Rs 52.12 crore in Q4 March 2014 as against net loss of Rs 32.72 crore in Q4 March 2013. Net sales rose 21% to Rs 2120.77 crore in Q4 March 2014 over Q4 March 2013.
TVS Motor Company is one of the leading two-wheeler manufacturers in India. With presence in more than 60 countries across the globe, TVS Motor Company is the second largest exporter of two wheelers and three wheelers from India. The company has grown to be a strong brand name in Asia, Latin America and Africa with popular products in the two and three wheeler segments.
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