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TVS Motor shares rise 4% after Q1 results

Press Trust of India  |  New Delhi 

Shares of today rose by nearly 4 per cent after it reported 13.2 per cent increase in profit after tax (PAT) for the June quarter.

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

At NSE, shares of the company jumped 3.70 per cent 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.

today posted 13.2 per cent 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 Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, August 07 2018. 17:40 IST