TVS Motor Company disclosed a substantial rise in standalone net profit for the quarter ended June 2014. During the quarter, the profit of the company rose 39.43% to Rs 723.20 million from Rs 518.70 million in the same quarter previous year.
Net sales for the quarter rose 30.97% to Rs 23,053.90 million, compared with Rs 17,602 million for the prior year period.
Earnings per share for the quarter stood at Rs 1.52, registering 39.45% growth over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 14 | Jun - 13 | %Change |
| Net Sales | 23,053.90 | 17,601.80 | 30.97 |
| Net Profit | 723.20 | 518.70 | 39.43 |
| Basic EPS | 1.52 | 1.09 | 39.45 |
Shares of the company gained Rs 4.3, or 2.54%, to trade at Rs 173.75. The total volume of shares traded was 830,077 at the BSE (2.18 p.m., Thursday).
