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This Article is From Jan 16, 2024

EMS Industry - Strong Performance Key To Support Re-Rating: Systematix

Amber Enterprises is expected to report 12%/30%/52% YoY and 63%/71%/L2P QoQ rise in evenue/Ebitda/profit after tax.

EMS Industry - Strong Performance Key To Support Re-Rating: Systematix
Close view of a printed circuit board. (Photo: Magnus Engo/ Unsplash)

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.

Systematix Reports

The seven electronic manufacturing services companies under our coverage are expected to report strong results in Q3 FY24 with their aggregate revenue/Ebitda/profit after tax likely to grow 66%/47%/75% YoY and 15%/23%/34% QoQ, led by Dixon Technologies India Ltd. (up 119%/98%/145% YoY and 7%/10%/12% QoQ), Syrma SGS Technology Ltd. (up 51%/24%/10% YoY and 9%/21%/28% QoQ), Kaynes Technologies Ltd, (up 35%/30%/44% YoY and 8%/10%/2% QoQ) and PG Electroplast Ltd. (up 30%/27%/51% YoY and 30%/25%/67% QoQ).

Our estimates are based on assumptions of sustained revenue traction in key verticals and sequential margin expansion.

Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay

Amber Enterprises India Ltd. is expected to report 12%/30%/52% YoY and 63%/71%/L2P QoQ rise in revenue/Ebitda/profit after tax.

Avalon Technologies Ltd. is likely to post soft revenue (up 5% YoY and 22% QoQ) but healthy Ebitda/profit after tax (up 10%/130% YoY and 76%/81% QoQ). Elin Electronics Ltd. weak performance is likely to continue in 3Q with PAT declining 28% YoY and 16% QoQ.

Click on the attachment to read the full report:

DISCLAIMER

This 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.

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