TVS Supply Chain shares extend gains for third day, surge 13% post Q3 results

Shares of TVS Supply Chain Solutions Ltd.gained 13% on Wednesday, February 11, reacting to their third-quarter earnings.

TVS Supply Chain's December quarter results increased across parameters and its margins expanded as well.



The stock extended its gains for the third consecutive day. It has gained 21% in the last three trade sessions.

The company reported a net profit of ₹11.2 crore compared to a loss of ₹23.8 crore in the third quarter of the previous fiscal.

Its revenue increased 11% as well to ₹2,715.8 crore from ₹2,444.6 crore in the previous year.

TVS Supply Chain's earnings before interest, tax, depreciation and amortisation (EBITDA) increased 36.7% to ₹205.8 crore from ₹150.6 crore in the previous year.

Its margin expanded to 7.6% from 6.2% in the year-ago period.

Shares of TVS Supply Chain gained 13.1% to hit an intraday high of ₹122 per share. The stock was up 12.3% at ₹121.07 apiece around 9.40 am. The stock has declined 8.7% in the past year.

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