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).
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Auto - Q1FY24 - Earnings Preview
On a QoQ basis, we forecast margin expansion for TVS/Bajaj in the 2W segment, which will be driven by higher export volume and a better product mix.
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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...
451 Views
India Equity Strategy - Banks Continue to Lead the Pack; Profitability Improves for Most Sectors
Q4FY23 earnings season saw an overall in-line performance, with wide divergences across sectors and companies. Aggregate revenue/PAT grew by 13%/9%...
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Monthly Volume Update - Automotive Industry
The Domestic 2W industry reported strong growth of ~27% YoY (albeit on a low base), even with some recovery evident on an MoM basis (up 18% MoM).
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