2025-01-29 09:51:40 am | Source: Motilal Oswal Financial Services Ltd
Buy CIE Automotive Ltd For Target Rs. 587 by Motilal Oswal Financial Services Ltd
* We expect India business to post 2% YoY growth in revenue, while the EU business is likely to post 24% YoY decline due to a business slowdown in Metalcastello and also in Europe.
* Overall, consol. revenue is projected to decline 6.5% YoY.
* EBITDA margin is expected to contract ~30bp QoQ, likely to be a function of weak demand.
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