TVS Holdings Ltd.'s consolidated net profit rose 72% in the third quarter of the current financial year.
The Chennai-based automotive components maker posted a bottom line of Rs 386 crore in the quarter ended December, according to an exchange filing on Tuesday.
Revenue climbed 14% year-on-year to Rs 11,458 crore, compared to Rs 10,014 crore in the year-ago period. The earnings before interest, taxes, depreciation and amortisation rose 19% to Rs 1,848 crore. The Ebitda margin expanded to 16.1% from 15.5%.
TVS Holdings Q3 FY25 Highlights (Consolidated, YoY)
Revenue grew 14% to Rs 11,458 crore versus Rs 10,014 crore (Bloomberg estimate: Rs 6,967 crore).
Ebitda rose 19% to Rs 1,848 crore versus Rs 1,553 crore.
Ebitda margin expands 60 basis points to 16.1% versus 15.5%.
Net profit surged 72% to Rs 386 crore versus Rs 224 crore.
The company also announced the appointment of P Sreejith Raj as the chief compliance officer, effective Jan. 28. He was the company secretary of TVS Credit Services Ltd. till Jan. 20. Prior to joining TVS Credit Services, he has worked with various non-banking finance companies, including Northern Arc Capital Ltd., Hinduja Leyland Finance Ltd. and Manappuram Finance Ltd. in secretarial and compliance roles, the filing stated.
Shares of TVS Holdings ended 3.82% lower at Rs 8,911.20 apiece on the National Stock Exchange, compared to a 0.56% advance in the benchmark Nifty 50.
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