India Equity Strategy: Input Cost Benefits Drive Earnings Growth, Revenue Contribution Muted
Q3FY24 earnings season saw an overall in-line performance, with wide divergences across sectors and companies. Aggregate revenue/PAT grew by 5%/20%...
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Ashok Leyland - Robust Q3FY24; CV Industry Outlook Flattish in the Near Term
Ashok Leyland’s Q3FY24 reported robust numbers - Revenue grew by 3% YoY (4% down QoQ), a 1.4% beat on our estimate due to higher ASP.
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Q3FY24 Consolidated Preview
Q3FY24 earnings season was marked by a) Strong domestic macroeconomic environment, b) Festival season c) Robust PMI manufacturing and Services
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Top Sector Ideas - Auto and Auto Ancillaries - Q2FY24 Review
The companies under our coverage reported Revenue/EBITDA/PAT growth of 16%/49%/56% YoY against expectations of 17%/41%/50%.
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Ashok Leyland - Decent Q2FY24; Multiple Levers to Grow EBITDA Margins
Ashok Leyland’s Q2FY24 numbers stood slightly below ours and consensus estimates. Revenue grew by 17%/18% YoY/QoQ, a 2.4% miss vs. our estimate on...
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