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2025-04-12 11:16:00 am | Source: Motilal Oswal Financial Services Ltd
Sell Eicher Motors Ltd For Target Rs. 4,435 by Motilal Oswal Financial Services Ltd
Sell Eicher Motors Ltd For Target Rs. 4,435 by Motilal Oswal Financial Services Ltd

* Overall RE volumes increased 24% YoY, supported by a 42% YoY rise in exports and a 22% YoY growth in domestic sales.

* On a QoQ basis, ASP is likely to be marginally up, as the benefits from a better export mix and price hikes are likely to be offset by an adverse domestic mix

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

* VECV: Revenue is expected to grow by ~14% YoY, while EBITDA/PAT are likely to surge ~43%/82% YoY.

 

 

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