Automobile companies are expected to post 14-15 per cent growth in revenue during the last quarter (Q4) of the financial year 2023-24 (FY24), supported by healthy volume growth, commodity price deflation, price hikes and favourable currency movement.
According to several brokerages, the Ebitda (earnings before interest, taxes, depreciation, and amortisation) growth is estimated to come in around 25-30 per cent year-on-year (Y-o-Y).
There would be a strong 25-26 per cent volume growth in two-wheelers (2Ws) and an 11-12 per cent rise in passenger vehicles (PVS), owing to healthy demand from urban and rural areas and pending order books.
According to analysts at Nuvama Institutional Equities, Domestic 2W volumes have registered a growth of nearly 25 per cent Y-o-Y in Q4FY24, aided by better demand, pickup in demand of economy motorcycles, and better finance availability.
Domestic PV industry volumes registered around 11 per cent Y-o-Y improvement on the back of pending order books and healthy demand.
Depreciation of the Indian rupee against the pound/euro is also another key factor aiding the profitability of these companies. The benign commodity prices, along with volume growth, are expected to support the margins of these segments, felt brokerages.
Diese Geschichte stammt aus der April 15, 2024-Ausgabe von Business Standard.
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