GNA Axles Q1 Review - Stable Performance, Upside Is Capped: Dolat Capital

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..Dolat Capital Report.GNA Axles Ltd. reported resilient numbers in Q1. Revenue grew by 24.9% QoQ to Rs 3.75 billion led by strong volume growth in domestic tractor business and stable export revenue. Ebitda grew by 28 % QoQ to Rs 505 million with margin of 13.5 %, led by operating leverage. The company has guided 10-15% growth in top line (expect Q2 would be better than Q1) and 13-14% margin for FY23.Despite slowdown in class 8 truck new order, we believe export revenue to be stable in coming quarters due to strong order backlog for NA class 8 truck. GNA Axles is witnessing steady demand in North America and Europe with improvement in semiconductor supply, cooling commodity prices and freight cost..Click on the attachment to read the full report:.DISCLAIMERThis 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.

GNA Axles Q1 Review - Stable Performance, Upside Is Capped: Dolat Capital

GNA Axles Q1 Review - Stable Performance, Upside Is Capped: Dolat Capital

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