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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