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.
IDBI Capital Report
Eicher Motors Ltd.'s Q1 FY23 profit after tax was in line with our estimates with healthy Ebitda margins. Launch of its new much-awaited model ‘Hunter 350' in India remains to be key business development for the company.
Hunter 350 is most affordable model among Eichers J-platform motorcycles (Classic 350 and Meteor 350).
Eicher Motors continues to receive highly encouraging response to this model. Further, management has expressed high optimism on the export market and sounded positive growth outlook in the domestic market. To factor in launch of new model and export performance, we have increased our volume and profit after tax estimates by 6% and 12% for FY24 respectively.
Click on the attachment to read the full report:
DISCLAIMER
This 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.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
