Ashok Leyland - Excellent Q4FY23; Maintain BUY on Longish CV Cycle
EBITDA grew by 64%/60% YoY/QoQ, largely in line with our estimates (beat of 8.5% against consensus estimates) led by improved gross margins.
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Q4FY23 - Consolidated Earnings Preview
Q4FY23 earnings season was marked by weaker macro, rising interest rates, banking challenges in the US and European markets, and moderation in...
266 Views
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.
234 Views
Automotive Industry - Mar’23 Wholesale Dispatches Continue to Grow YoY
The Domestic PV industry sales grew by ~6% YoY (flat MoM) to fulfill the order backlogs, especially in the SUV segment as the production...
475 Views
Top Picks - Apr 2023
Axis Top Picks basket outperformed the benchmark by a significant margin with its impressive return of 9.7% in FY23 as against the 0.6% decline...
310 Views