<p>Shares of TVS Motor Company on Friday zoomed over 11 per cent after the company logged an 84.7 per cent rise in the December quarter's consolidated net profit.</p>.<p>Reacting to the encouraging earnings, the stock jumped 11.41 per cent to Rs 589 -- its one-year high -- on the BSE.</p>.<p>On the NSE, it gained 11.46 per cent to its 52-week high of Rs 589.75 apiece.</p>.<p>TVS Motor Company on Thursday reported a 84.7 per cent increase in consolidated net profit at Rs 289.69 crore for the third quarter ended December, riding on the back of higher sales.</p>.<p>The company had posted a net profit of Rs 156.84 crore in the October-December period of the previous fiscal.</p>.<p>Consolidated revenue from operations increased to Rs 6,094.91 crore for the third quarter as against Rs 4,765.99 crore in the same period of 2019-20, TVS Motor Company said in a statement.</p>.<p>On a standalone basis, the company reported a net profit of Rs 265.62 crore, its highest ever in a quarter.</p>.<p>The company had posted a net profit of Rs 121.07 crore in the October-December period of the previous fiscal.</p>.<p>Revenues during the period under review rose 31 per cent to Rs 5,404 crore, its highest ever in a quarter as compared with Rs 4,126 crore in the third quarter of 2019-20.</p>
<p>Shares of TVS Motor Company on Friday zoomed over 11 per cent after the company logged an 84.7 per cent rise in the December quarter's consolidated net profit.</p>.<p>Reacting to the encouraging earnings, the stock jumped 11.41 per cent to Rs 589 -- its one-year high -- on the BSE.</p>.<p>On the NSE, it gained 11.46 per cent to its 52-week high of Rs 589.75 apiece.</p>.<p>TVS Motor Company on Thursday reported a 84.7 per cent increase in consolidated net profit at Rs 289.69 crore for the third quarter ended December, riding on the back of higher sales.</p>.<p>The company had posted a net profit of Rs 156.84 crore in the October-December period of the previous fiscal.</p>.<p>Consolidated revenue from operations increased to Rs 6,094.91 crore for the third quarter as against Rs 4,765.99 crore in the same period of 2019-20, TVS Motor Company said in a statement.</p>.<p>On a standalone basis, the company reported a net profit of Rs 265.62 crore, its highest ever in a quarter.</p>.<p>The company had posted a net profit of Rs 121.07 crore in the October-December period of the previous fiscal.</p>.<p>Revenues during the period under review rose 31 per cent to Rs 5,404 crore, its highest ever in a quarter as compared with Rs 4,126 crore in the third quarter of 2019-20.</p>