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2025-04-12 02:35:54 pm | Source: Motilal Oswal Financial Services Ltd
Buy Tube Investments Ltd For Target Rs. 3,385 by Motilal Oswal Financial Services Ltd
Buy Tube Investments Ltd For Target Rs. 3,385 by Motilal Oswal Financial Services Ltd

* The pressure in 2W OE demand is likely to weigh on revenue growth. As a result, we expect just 2% YoY growth in 4Q.

* While metal formed division is expected to grow by 12% YoY, mobility/engineering divisions may decline ~6%/1% YoY. Revenue from other business to grow ~11% YoY.

* EBIT margin may improve 20bp YoY, driven by 40bp/50bp YoY margin expansion in engineering/metal formed division.

* Margin for mobility division is also likely to improve to -0.5% vs. -5.7% in 4QFY24. Margin for other businesses may contract 90bp YoY.

 

 

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