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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Pick of the Week - Automotive Axles Ltd - 25 SEP 2023
Established in 1981, Automotive Axles Limited (AAL) is a joint venture of Kalyani Group and Meritor Inc., USA. With manufacturing facilities...
260 Views
Automotive Axles - Well-Positioned to Benefit from the CV Up-Cycle; Maintain HOLD
Despite the total domestic Industry CV wholesale volumes growing by 12%/23% YoY/QoQ in Q4FY23, the revenue grew by only 6% QoQ (up 25% YoY) and...
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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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Automotive Axles - Strong Show Across Numbers
The management is optimistic about growing market share along with new market penetration on account of parent entities: Meritor and Cummin’s...
262 Views