Auto, Auto Ancillary Q1 Earnings Preview - Spillover Of Raw Material Inflation To Impact Margins: Nirmal Bang

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..Nirmal Bang Report.We expect Q1 FY23 earnings of auto and auto ancillary companies in our coverage universe to grow significantly over a lower base of Q1 FY22. On a sequential basis, we expect the earnings to be a mixed bag, with two-wheeler companies likely to post strong volume while chip shortage issue and seasonal weakness will impact passenger vehicle and commercial vehicle segments, respectively. Revenue of our original equipment manufacturer coverage universe is expected to improve by ~28% YoY, driven by 11%/45%/129% YoY revenue growth in two-wheeler/PV/CV OEMs. Volume in Q1 FY23 is expected to post a broad-based recovery across segments on a low base of Q1 FY22. The two-wheeler segment witnessed early signs of recovery in Q1 FY23, with wholesales growing by 25% YoY (flattish QoQ) while PV and CV demand continued to remain strong. .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.

Auto, Auto Ancillary Q1 Earnings Preview - Spillover Of Raw Material Inflation To Impact Margins: Nirmal Bang

Auto, Auto Ancillary Q1 Earnings Preview - Spillover Of Raw Material Inflation To Impact Margins: Nirmal Bang

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