2025-01-29 10:07:12 am | Source: Motilal Oswal Financial Services Ltd
Neutral Sona Comstar Ltd For Target Rs. 590 by Motilal Oswal Financial Services Ltd
* We expect its order book execution to see some slowdown given weakness in global markets and a slower transition to EVs globally.
* As a result, we expect slower revenue growth of ~11% YoY in 3Q.
* We expect EBITDA margin to contract 50bp QoQ to 27.6% due to weak product mix and lower volumes. Overall, we expect the company to post just 5% YoY PAT growth.
* We cut FY25/26E EPS by 8%/16% to factor in slower order book execution going ahead.
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