TVS Motor shares dive 8% on poor quarterly earnings
Updated : May 02, 2019 01:06 PM IST
TVS Motor shares fell 8 percent after the company reported poor quarterly earnings on the back of muted volume growth.
The company reported a 19 percent YoY drop in net profit at Rs 134 crore for the fourth quarter ended March 2019
Key negative for the car maker was the increase in the raw material price which negatively impacted EBITDA margin.
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