TVS Supply Chain Solutions Ltd. shares gained 13.1% on Wednesday, February 11, reaching an intraday high of ₹122 per share as investors responded positively to the company's third-quarter earnings. According to reports from CNBC TV18, the stock was trading 12.3% higher at ₹121.07 around 9:40 am, extending gains for the third consecutive day. The company's shares have gained 21% over the last three trading sessions, demonstrating sustained investor confidence in the quarterly results.
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 year, as reported by CNBC TV18. Revenue increased 11% to ₹2,715.8 crore from ₹2,444.6 crore in the previous year. Most significantly, EBITDA increased 36.7% to ₹205.8 crore from ₹150.6 crore in the previous year, with margins expanding to 7.6% from 6.2% in the year-ago period.
The strong quarterly performance has translated into significant market gains for TVS Supply Chain. According to CNBC TV18, the stock has declined 8.7% over the past year, making the current rally particularly notable. The company's December quarter results showed improvement across all key parameters, with the margin expansion being a key driver of investor confidence in the supply chain solutions provider.
