India Equity Strategy: Cost inflation peaked out; margin recovery on the horizon
Q2FY23 earnings season saw an overall in-line performance, with wide divergences across sectors and companiesAggregate revenue/PAT grew by 31%/4% YoY
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HSIE Results Daily: Mahindra & Mahindra, Ashok Leyland, Oil India, AGS Transact
Mahindra & Mahindra: Mahindra & Mahindra’s Q2 adjusted PAT, at INR 23.4bn, came in above our estimate of INR 19.5bn, primarily due to higher-than...
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HSIE Results Daily: Dalmia Bharat, Mahindra & Mahindra Financial Services
Dalmia Bharat: We maintain our BUY rating on Dalmia Bharat (DALBHARA), with an unchanged TP of INR 2,145/sh (13x its Sep-24E consolidated EBITDA)
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Automotive Industry - Strong Momentum in PV & CV Sales
The domestic PV wholesale volumes grew 31% YoY in Oct’22 fueled by robust festive demand and OEMs deliveringto cater the strong order books.
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Autos (Q2FY23 Results Preview): Margins likely to bottom out
However, all the segments have seen QoQ growth in volumes as all OEMs prepare for a pick-up in demand during the festive season
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