External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>Indus Motor (INDU) conducted its FY25 analyst briefing today, where management discussed financial performance and future outlook.</li><li>The company recorded 14.5% gross margins in FY25 compared to 12.7% in FY24, mainly due to lower input material costs due to favorable exchange rates, cost optimization initiatives and increased localization effects.</li><li>Yaris facelift was introduced in July 2024 which was widely accepted and contributed positively to the profitability.</li></ul>

Indus Motor (INDU) conducted its FY25 analyst briefing today, where management discussed financial performance and future outlook.The company recorded 14.5% gross margins in FY25 compared to 12.7% in FY24, mainly due to lower input material costs due to favorable exchange rates, cost optimization initiatives and increased localization effects.Yaris facelift was introduced in July 2024 which was widely accepted and contributed positively to the profitability.

Topline Flash Note: Indus Motor (INDU): Corporate Briefing Key Takeaways

Indus Motor Company

Topline Flash Note: Indus Motor (INDU): Corporate Briefing Key Takeaways