TVS Motor Stock Surges 4% on Strong Q3 Earnings Beat, Revenue Growth

• TVS Motor Company Ltd. shares gained 4% after its Q3 results surpassed expectations.
• Revenue grew 37% year-on-year to ₹12,476.3 crore, exceeding CNBC-TV18 poll estimates.
• EBITDA increased 51.1% to ₹1,634.2 crore, with margins expanding by 120 basis points to 13.1%.
• Net profit was ₹940.4 crore, impacted by a one-time labour code adjustment.
• EV sales reached a record 1.06 lakh units, marking a 40% growth in the quarter.

Why It Matters: TVS Motor's Q3 performance exceeded expectations with strong revenue, EBITDA, and record EV sales.