Jamna Auto - A Key Beneficiary Of Commercial Vehicle Upcycle: Dolat Capital
Auto body parts wait to be shipped in Warren, Michigan, U.S. (Photographer: Jeff Kowalsky/Bloomberg)

Jamna Auto - A Key Beneficiary Of Commercial Vehicle Upcycle: Dolat Capital

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.

Dolat Capital Report

Jamna Auto Industries Ltd. posted stellar numbers in Q3 FY21.

Ebitda grew 139% YoY to Rs 510 million with expanded margin of 14.9% (up 553 basis points YoY), led by cost control measures and richer product mix (increase in mix from the aftermarket business).

The company is an ideal play on the ongoing revival in commercial vehicle demand given its 68% market share in domestic original equipment manufacturers markets.

CV numbers are showing sequential improvement led by strong traction from intermediate commercial vehicles and tipper segment.

Medium and heavy commercial vehicle production volume grew 10% YoY in Q3.

Click on the attachment to read the full report:

Dolat Capital Jamna Auto Q3FY21 Result update.pdf

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