TVS Holdings Share Price Gains As Q3 Net Profit Soars Over 70%
TVS Holdings share price rose 6.72% to Rs 9,529.20.
TVS Holdings Ltd.'s share price rose in Wednesday's session following an increase in its net profit for the quarter ended December 2024. Its consolidated net profit rose 72% on the year to Rs 386 crore compared to Rs 224 crore.
TVS Holdings reported that its topline rose 14% year on year to Rs 11,458 crore compared to Rs 10,014 crore. The operating profit rose 19% on the year to Rs 1,848 crore compared to Rs 1,553 crore. TVS Holdings' margin expands 60 basis points to 16.1% compared to 15.5%.
TVS Holdings share price rose 6.72% to Rs 9,529.20. It was trading 6.68% higher at Rs 9,525 apiece, as compared to 0.51% advance in the NSE Nifty 50 index.
TVS Holdings snapped a two-day decline streak on Wednesday.
The stock rose 18.44% in 12 months. Total traded volume so far in the day stood at 1.5 times its 30-day average. The relative strength index was at 40.74.
