TVS Holdings, erstwhile Sundaram Clayton Ltd. SCL, is an auto components manufacturer, based in Chennai and part of the TVS Group. The company reported results for the January-March period, on Tuesday, May 6.
Sundaram Clayton’s net profit stood at ₹143.6 crore as against a loss of ₹47 crore year-on-year. Revenue for the quarter rose 6% from the same quarter last year to ₹587 crore.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) came in at ₹31.4 crore as against last year’s ₹15 crore.
Sundaram Clayton’s margins expanded by 270 basis points from last year to 5.4%.
The company recorded a one-time gain at ₹208 crore during the reporting quarter.
Shares of TVS Holdings Ltd. are currently trading 0.27% higher at ₹9,196.50. The market capitalisation stands at ₹18,558.08 crore.
