Change in product mix impacts margin: Q4FY19 sales were up 9% YoY at Rs13.4 bn (PLe Rs14 bn). Domestic sales in Q4FY19 was up 22% YoY at Rs9.9 bn. However, exports fell by 17% YoY at Rs3.2 bn. EBITDA margin contracted 120bps YoY to 12.8% due to 70bps YoY dip in gross margin. This was due to change in product mix with higher share of lower range engines. Hence EBITDA was flat YoY at Rs1.7 bn. Finance cost was up 32% YoY at Rs 45mn. Tax rate for the quarter was higher at 32.4% compared to 22.8% in Q4FY18. Hence PAT for the quarter came to Rs1.4 bn, down 13% YoY. FY19 sales were up 11% YoY at Rs56.6...