Sell Eicher Motors Ltd For Target Rs. 4,139 by Motilal Oswal Financial Services Ltd

2025-01-29 08:57:15 am | Source: Motilal Oswal Financial Services Ltd

Sell Eicher Motors Ltd For Target Rs. 4,139 by Motilal Oswal Financial Services Ltd

News By Tags | #EicherMotorsLtd #QuarterlyResult #MotilalOswalFinancialServicesLtd

* Overall RE volumes grew 19% YoY, driven by more than doubling of exports and 13% growth in domestic.

* However, we expect ASP to decline due to higher mix of 350cc models

* We expect RE margins to expand 60bp QoQ due to operating leverage benefits.

* VECV- Revenue is expected to grow by ~1% YoY, while EBITDA/PAT are likely to decline ~10%/3% YoY.

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Sell Eicher Motors Ltd For Target Rs. 4,139 by Motilal Oswal Financial Services Ltd

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