BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Prabhudas Lilladher Report
Eicher Motors Ltd.’s consolidated Ebitda margin at 23.7% (up 350 basis points QoQ, our estimate: 23%) surprised positively.
Demand scenario for Royal Enfield is healthy besides good traction received for Classic 350, Meteor 350 and newly launched Scram 411.
Semiconductor supply is also improving month-on-month as Eicher Motors boarded two new vendors over FY22.
Further, exports business is witnessing strong growth led by channel expansion and market share gains; exports volumes grew ~110% in FY22.
For VE Commercial Vehicles Ltd., demand continues to witness traction led by cyclical recovery. Demand for compressed natural gas variants is strong amidst rising fuel cost scenario.
Click on the attachment to read the full report:
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
All news and articles are copyrighted to the respective authors and/or News Broadcasters. LC is an independent Online News Aggregator
Read more from original source here…