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Systematix Research Report
The seven electro mechanical sevices companies under our coverage are expected to report decent results in Q1 FY25 led by sector leading companies.
The aggregate revenue/Ebitda/profit after tax are likely to grow 52%/47%/53% YoY, led by Dixon Technologies India Ltd. (up 73%/61%/70%), Kaynes Technology India Ltd. (up 66%/65%/70%), PG Electroplast Ltd. (up 41%/40%/51%), Amber Enterprises India Pvt. Ltd. (up 29%/30%/45%) and Syrma SGS Technology Ltd. (up 47%/74%/41%).
Avalon is expected to report another weak quarter (down 12%/8%/21% YoY) with normalization in the U.S. market delayed to FY26.
Elin Electronics Ltd., on low base, is expected to clock small rise (up 12%/32%/8%) on continued soft demand of small domestic appliances.
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