Wabco India Q2 Review - High Quality CV Cycle Play: ICICI Securities

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..ICICI Securities Report.Wabco India Ltd.’s Q2 FY22 operating earnings were in line with consensus estimates as Ebitda margin came in at 10.2% (down 491 basis points YoY).Revenues grew ~47% YoY; however, gross margin came in at 36.7% (down 630 bps) amid steep raw material inflation. We like Wabco India’s underlying business on:dominant market share (more than 85%) in domestic medium and heavy commercial vehicle industry, and thus, see it as a clear beneficiary of the impending multi-year growth cycle, strong export opportunities from both existing customers and ZF Group and best-in-class technology leadership (from parent ZF Group) is likely to accelerate new product introduction (e.g. electronic stability control, air disc brakes, services) for customers. .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.

Wabco India Q2 Review - High Quality CV Cycle Play: ICICI Securities

Wabco India Q2 Review - High Quality CV Cycle Play: ICICI Securities

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