Mumbai -- TVS Motors has lost by 2.3% to Rs. 78. The third largest two-wheeler manufacturer in India has posted their Q1 result with profit at Rs. 21.2 crore (Rs. 212mn, down 14.6%) from Rs. 24.9 crore (Rs. 249mn), Its net revenue is at Rs. 939.6 crore (Rs. 9.39bn, up 25.8%) from Rs. 746.6 crore (Rs. 7.46bn). The scrip has touched a high of Rs. 82 and a low of Rs. 78 and has recorded volumes of over 3 lakh shares on NSE.
The first two-wheeler manufacturer in the world, to be honoured The Deming Prize for Total Quality Management, is going to start production at Himachal Pradesh plant.
Infrastructure Development Finance Company, IDFC has gained by 4.2% to Rs. 47 after the company announced their Q1 results with profit at Rs. 121.1 crore (1.21bn, up 12%) from Rs. 109.2 crore (Rs. 1.09bn), Its net revenue at Rs. 3.22bn (up 25.7%). The scrip has touched a high of Rs. 48 and a low of Rs. 43 and has recorded volumes of over 28 lakh shares on NSE.
TCS has surged by 3.5% to Rs. 1830 after the company wins multi-million Saudi order. The scrip has touched a high of Rs. 1832and a low of Rs. 1735 and has recorded volumes of over 8 lakh shares on NSE.
Godrej Industries has announced its first quarter results. The company's net profit was up at Rs. 16.5 crore (Rs. 165mn) from Rs. 9.5 crore (Rs. 95mn). Company's sales were at Rs. 175.44 crore (Rs. 1.75bn). Its net income was down at Rs. 182 crore (Rs. 1.82bn) from Rs. 187 crore (Rs. 1.87bn).
