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.
Dolat Capital Report
Jamna Auto Industries Ltd. Q2 FY22 numbers were broadly in line estimates.
Consolidated Ebitda stood at Rs 444 million with margin at 12.6% (+68 basis points quarter-on-quarter).
Impact of higher RM cost was offset by cost control measures.
OEM: Aftermarket mix stood at 77:23 in Q2 FY22.
We believe that a fresh M&HCV cycle has begun which is poised for 3-5 years of upcycle led by traction in ecommerce, infra, real estate and mining activities.
JAI is an ideal play on revival on M&HCV cycle given its 70% market share in leaf spring.
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