India's TVS Srichakra hits near 4-month high after Q4 profit rises

TVS Srichakra

26/06/2020 09:42

** Shares in tyre company  TVSC.NS  rise as much as 8.4% to
1,550 rupees, their highest level since March 2 
    ** TVSC's March-qtr consol net profit jumps 36.7% to 242 mln
rupees ($3.20 mln), helped by lower total expenses
    ** However, Q4 consol rev from operations falls 27.7% to
4.31 bln rupees  urn:newsml:reuters.com:*:nFWN2E212T
    ** Shares down 13.4% so far this year, as of last close 


($1 = 75.5966 Indian rupees)

 (Reporting by Philip George in Bengaluru)
 ((P.George@thomsonreuters.com; +91 8061822657; Reuters
Messaging: p.george@thomsonreuters.net))