2025-01-17 11:13:00 am | Source: Motilal Oswal Financial Services Ltd
Buy Endurance Technologies Ltd For Target Rs. 2,825 by Motilal Oswal Financial Services Ltd
* We expect India business to grow 15% YoY, largely on a low base (flat QoQ). EU business may grow 10% YoY on the back of execution of its order book. Maxwell revenue is likely to decline YoY. Overall, we expect consol. revenues to post 15% YoY growth.
* Expect EBITDA margin to marginally improve QoQ, led largely by improvement in Europe margins (seasonal effect).
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