Auto Q4fy23 Preview - Improved Product Mix, Moderation in Rm Costs to Drive Margin Growth
EBITDA margins are expected to expand both YoY/QoQ due to a richer product mix, absorption of price hikes, and marginally lower RM costs.
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Q3fy23 Preview: Margins Likely to Expand
We believe the broad-based earnings momentum which remained robust for multiple quarters is likely to take a brief pause in Q3FY23.
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Auto Q2fy23preview - Volume Growth & Operating Leverage to Drive Ebitda Growth
In Q2FY23, wholesale volumes across PV/CV/2W (other than tractors) segments stood robust QoQ, led by inventory channel filling ahead of the festive...
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Q2fy23 Preview - Non-Commodities Likely to Do Better
Q2FY23 marked a cool-off in the key commodity prices including the base metals and the crude oil as against the Q1FY23 period that witnessed...
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Automotive Axles - Q2 EBITDA Beats Estimates; Stock Fairly Valued at CMP
Revenue at ~Rs 585 Cr, up 23% YoY (+10% QoQ, 4% Beat), beat the MHCV industry production volume, which grew by 17% YoY (as per SIAM data).
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