TVS Motor slips nearly 3% despite auto firm reported inline December-quarter numbers

The company reported its December-quarter results on Wednesday, reporting its highest revenue, EBIDTA and profit after tax (PAT). While its revenue slightly missed Zee Business research estimates, its profit beat estimates. 

TVS Motor slips nearly 3% despite auto firm reported inline December-quarter numbers
The stock of the company was lower by 2.82 per cent, or Rs 56.55, at Rs 1945.65 at 9:41 am on Thursday. Photo: ANI/Representational

TVS Motor Share Price: TVS Motor started the trading session on BSE on Thursday (January 25) on a lower note despite the automobile firm reported inline Q3 results. 

The stock of the company was lower by 2.82 per cent, or Rs 56.55, at Rs 1945.65 at 9:41 am on Thursday.

TVS Motor Q3 results

The company announced its December-quarter results on Wednesday, reporting its highest revenue, EBIDTA and profit after tax (PAT).

While its revenue slightly missed Zee Business research estimates, its profit beat estimates. 

Its profit after tax (PAT) soared by 68 per cent Year-on-Year (YoY) to Rs 593 crore from Rs 353 crore.

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Written By: ZeeBiz WebTeam
Updated: Thu, Jan 25, 2024
09:57 AM IST
New Delhi, ZeeBiz WebDesk
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