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TVS Motor Reports weak results, Stock Down 3pc today

Leading Automakers TVS Motor Company, in a regulatory filing, on Tuesday reported a 19.2pc fall in its PAT to Rs133.8-crore for the Q4FY 2018-19. The company had posted a profit after tax of Rs.165.6crore year ago period. The Company’s operational revenue zoomed to Rs.4,384.02-crore, V/s Rs.4,007.24crore a year ago,

For the entire FY 2018-19, the TVS Motors posted a 1.13pc higher profit of Rs 670.1-Cr  from Rs662.6-cr in 2017-18. Revenue from operations stood at Rs.18209.92-Cr V/s to Rs.15518.63-crore in FY18, the company said. 

At closing hours Tuesday, TCS Motor Company share price declined Rs.16.50 or 3.27pc at Rs.488.75 per share on the NSE, while the BSE benchmark Sensex closed flat, falling 35.78 points to close at 39,031.55 and the Nifty closed down 6.50 points at 11748.15 today.