External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Multiple new products are slated for launch in FY25/26E, with the management confident that each will have the potential to become a market leader in its respective segment.</li><li>The company launched the Guerrilla 450, a premium modern roadster on the Sherpa platform, in Spain during Q1.</li><li>Additionally, a refreshed version of the Classic is expected to be launched this month in India. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Multiple new products are slated for launch in FY25/26E, with the management confident that each will have the potential to become a market leader in its respective segment.The company launched the Guerrilla 450, a premium modern roadster on the Sherpa platform, in Spain during Q1.Additionally, a refreshed version of the Classic is expected to be launched this month in India. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Eicher Motors Ltd - Largely Inline Estimates; New Model Launches to Drive Growth

External broker reports(aggregated public sources), Prabhudas Lilladhar

Prabhudas Lilladhar

Prabhudas Lilladher is one of India's leading research based financial services organisation.

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Prabhudas Lilladher's research report onEicher Motors EIM consolidated revenue for Q4FY24 grew by 11.9% YoY which was 1.8% higher than PLe while it was 1.1% below consensus estimate.</li><li>The growth in revenue was driven by mix improvement in 350+cc segment (+167bps YoY) while the refresher of Bullet/Himalayan also aided in the growth.</li><li>Consequently, ASP grew by 5% YoY/3.6% QoQ.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Prabhudas Lilladher's research report onEicher Motors EIM consolidated revenue for Q4FY24 grew by 11.9% YoY which was 1.8% higher than PLe while it was 1.1% below consensus estimate.The growth in revenue was driven by mix improvement in 350+cc segment (+167bps YoY) while the refresher of Bullet/Himalayan also aided in the growth.Consequently, ASP grew by 5% YoY/3.6% QoQ.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Eicher Motors (EIM IN) - Strong ASP Growth Led by Improvement in Mix

<ul><li>New Product Launches including EV in the offing: Multiple new products are slated to be launched in FY25 and the management strongly believes that each vehicle will have the potential to become a market leader in their own segments.</li><li>The company is working on an electric motorcycle (on the Him-E platform) and expects to launch a vehicle in CY25. </li><li>International market: Due to the unfavourable macroeconomic situation, industry growth has been stagnant/declining in the international markets.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

New Product Launches including EV in the offing: Multiple new products are slated to be launched in FY25 and the management strongly believes that each vehicle will have the potential to become a market leader in their own segments.The company is working on an electric motorcycle (on the Him-E platform) and expects to launch a vehicle in CY25. International market: Due to the unfavourable macroeconomic situation, industry growth has been stagnant/declining in the international markets.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Eicher Motors - Strong Q4FY24 Amidst Rising Competition

<ul><li>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).</li><li>The company’s sales volume was up 3% YoY (flat QoQ) to 228k units in Q3FY24.</li><li>Standalone EBITDA grew by ~30.1%/1.6% YoY/QoQ, an 8% beat mainly led by higher ASP (partly offset by higher net raw materials on a sequential basis). </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

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).The company’s sales volume was up 3% YoY (flat QoQ) to 228k units in Q3FY24.Standalone EBITDA grew by ~30.1%/1.6% YoY/QoQ, an 8% beat mainly led by higher ASP (partly offset by higher net raw materials on a sequential basis). Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Eicher Motors - Robust Q3FY24 Amidst Rising Competition & Slowing Exports

External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Thematic (Sector/Industry)

<ul><li>The aggregate performance of the Q1FY25 earnings season was largely on expected lines, with wide divergences across sectors and companies</li><li>Aggregate revenue/PAT grew by 7%/0% YoY and -2%/-8% QoQ across the HSIE coverage (~229 stocks)</li><li>Overall earnings were adversely skewed by the weak performance of OMCs, hence ex-OMCs, revenue/PAT grew by 9%/13% YoY and -2%/-5% QoQ.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The aggregate performance of the Q1FY25 earnings season was largely on expected lines, with wide divergences across sectors and companiesAggregate revenue/PAT grew by 7%/0% YoY and -2%/-8% QoQ across the HSIE coverage (~229 stocks)Overall earnings were adversely skewed by the weak performance of OMCs, hence ex-OMCs, revenue/PAT grew by 9%/13% YoY and -2%/-5% QoQ.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Quarterly Flipbook: Earnings growth moderates, demand pick-up holds the key

India

Eicher Motors Ltd. manufactures light commercial vehicles which are sold domestically and are also exported to other countries. Eicher Motors also manufactures two-wheelers and automotive gears.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Eicher Motors (EIM IN)

Eicher Motors Ltd - Largely Inline Estimates; New Model Launches to Drive Growth

The company may also introduce a modified version of the Bullet 350 to address the subdued volume uptick, based on feedback from market participants

Axis Direct