TVS Motor Q3 Results

The company's gross margins hit a 13-quarter high of 27.8 per cent in Q3FY20

Total income of the company declined to Rs 4,779.32 crore for the third quarter as compared with Rs 5,123.50 crore in the year-ago period, TVS Motor Company said in a regulatory filing

Margins are likely to tick up as a result of product mix and low raw material cost while negative operating leverage will cap the gains

The company's revenue grew by 26% during the third quarter to Rs 4,664.6 crore in the current quarter of 2018-19 from Rs 3,703.1 crore in the quarter ended Dec 2017

Company to launch one scooter and motorcycle in Q4, may hike prices to offset higher material costs