2025-04-12 01:56:05 pm | Source: Motilal Oswal Financial Services Ltd
Buy CIE Automotive Ltd For Target Rs. 466 by Motilal Oswal Financial Services Ltd
* We expect the India business to post 3% YoY growth in revenue, while the EU business is likely to post 30% YoY decline due to a business slowdown seen in Metalcastello and also in Europe.
* Overall, consol. revenue is projected to decline 9.5% YoY.
* EBITDA margin is expected to contract ~50bp YoY, due to weak demand.
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