BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Amara Raja Batteries Ltd.’s Q2 FY22 performance was in line, as raw material cost pressures were diluted by strong revenue growth.
Near term headwinds (rising raw material prices) could affect a recovery in margin.
Amara Raja has taken the first steps towards its next phase of growth in the new energy business by supplying Li-ion battery pack to three-wheelers, but it is yet to finalise its full-fledged entry into lithium cell manufacturing.
We cut our FY22E/FY23E earnings per share estimate by 7%/6% to account for high raw material and other costs.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.