Automobiles Q4 Results Preview - Two-Wheelers, Passenger Vehicles Segment To Outperform: Prabhudas Lilladher

"NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Prabhudas Lilladher Report.We anticipate Q4 FY24 to deliver strong revenue/Ebitda growth of 15.5%/31% YoY mainly led by passenger vehicle and two-wheeler/three-wheeler companies as they continue to deliver strong volume. Benign commodity prices along with healthy volume growth could result in operating leverage benefit which should aid margins. From our original equipment manufacturer coverage universe, we expect-aggregate revenue to expand by ~16% YoY (~14% excluding Jaguar Land Rover), owing to robust volume in growth in PV and two-wheeler segment,Ebitda to grow by ~31% YoY,aggregate average selling price to remain flat as compared to last year, however, we forecast sequential recovery of ~11%. .For our coverage universe we change our FY24-26E revenue estimates by - 2% to +5% and Ebitda estimates by -2% to +7%. Maruti Suzuki India Ltd. and Mahindra and Mahindra Ltd. are our preferred picks. We downgrade Bajaj Auto Ltd. from “Reduce” to “Sell” as the valuation is expensive and continued performance is already priced in..Click on the attachment to read the full report:.BFSI Q4 Results Preview - Muted Operating Metrics; Robust Growth, Asset Quality Trend: Dolat Capital.DISCLAIMERThis report is authored by an external party. NDTV Profit 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 NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Automobiles Q4 Results Preview - Two-Wheelers, Passenger Vehicles Segment To Outperform: Prabhudas Lilladher

Benign commodity price to aid in margin expansion

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Automobiles Q4 Results Preview - Two-Wheelers, Passenger Vehicles Segment To Outperform: Prabhudas Lilladher

Benign commodity price to aid in margin expansion

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