Atul Auto - Sequential Recovery In Volumes: Anand Rathi

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..Anand Rathi Report.For the quarter, Atul Auto Ltd.'s volumes grew 10% YoY, 164% QoQ, to 4,592 units. Revenue grew 7% YoY, 154% QoQ, to Rs 798 million. Demand is strong in domestic markets, and similarly for exports as passenger movement rises globally. Volumes for October 2021 grew 14% month-on-month to 2,141 units and we believe retail momentum would improve further in subsequent months as the financing situation eases.Three-wheeler financing was not easily available, a concern for the industry. As business activity and passenger traffic grows, we expect strong replacement demand for three-wheelers. On the electric vehicle front, we expect Atul Auto to launch a new product in H1 CY22. Accordingly, we expect revenues to grow 26% in FY22, and 53% in FY23..Click on the attachment to read the full report:.DISCLAIMERThis 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.

Atul Auto - Sequential Recovery In Volumes: Anand Rathi

Atul Auto - Sequential Recovery In Volumes: Anand Rathi

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