Stock Market Today, April 29 -- TVS Motor Company share price dipped up to 5% on Tuesday during the intraday trades, a day after Q4 results.
TVS Motor's Q4 net profit increased 76% year over year to Rs.852 crore, while revenue increased 17% > the same was led by robust EV sales.
2.Subdued domestic demand but recovery ahead: Although FY25 was still 6% behind FY19, the two-wheeler industry wholesales grew at a 15% compound annual growth rate over FY22-25, following a 35% decline in two-wheeler volumes over FY19-22. Demand has softened in recent months and TVS expects industry to be flattish year on year growth in April, though expects a subsequent improvement and FY26 industry growth to be similar to FY25 (up 8% YoY), said Jefferies They ...
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