BQ Blue'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 BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
IDBI Capital Report
Subros Ltd. Q4 FY21 result was above our estimates at revenue and Ebitda level.
Ebitda margin for the quarter stood at 9.7% versus our estimates of 10% mainly on account of higher raw material cost and other expenses.
We believe pent up demand and preference for personal mobility has helped passenger vehicle industry to register decent volumes in Q4 FY21.
For the company, we build PV revenue growth of 20%/15% for FY22E/FY23E respectively on account of lower base.
We expect government Infra push would help commercial vehicle segment to recover in coming quarters.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint 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 BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
