Eicher Motors - Robust Q3FY24 Amidst Rising Competition & Slowing Exports
Eicher reported a strong set of Q3FY24 numbers with a beat on Revenue, EBITDA and PAT. Revenue beat our estimates by ~3% (up ~13%/3% YoY/QoQ).
215 Views
Eicher Motors - Robust Q2FY24; Medium-Term Growth Drivers Intact
Eicher reported a strong set of Q2FY24 numbers with EBITDA and PAT beating our estimate. Revenue missed our estimates by 2% (up 16%/1% YoY/QoQ).
231 Views
Eicher Motors - Strong Q1, Increasing Competitive Landscape in the Mid-Term
Eicher reported a strong set of numbers with EBITDA and PAT beating our estimate. Revenue stood in line with our estimate (up 20%/2% YoY/QoQ).
335 Views
Eicher Motors: Aggressive competition could hurt growth. Downgrade to REDUCE
We downgrade Eicher Motors to REDUCE (from ADD earlier) as a significant increase in competitive intensity has changed the business dynamics...
447 Views
Eicher Motors - Strong Q4, Multiple Growth Levers Ahead; Maintain BUY
The impact of higher exports, price hikes on Hunter and Bullet and product mix (Meteor-650 launch) was higher than our expectations leading to a...
344 Views