Jamna Auto Q2 Review - Growth Momentum To Continue: IDBI 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..IDBI Capital Report.Jamna Auto Industries Ltd.'s Q2 FY22 consolidated results were above our estimates on all parameters. The revenue for the quarter stood at Rs 3.5 billion versus our estimates of Rs 2.6 billion; Ebitda margin for the quarter stood at 12.6% versus our estimates of 11.4% due to lower raw material expenses. The company reported profit after tax of Rs 271 million versus our estimates of Rs 163 million. We build 15% volume compound annual growth rate for Jamna Auto over FY22-24E on account of multi-year low base, strong commercial vehicle demand due to picking up of economic activities like mining, logistics, construction activities. We believe the increase in tonnage volume due to axle norm has settled and there will be fresh demand for commercial vehicles as regional restriction reduces. .Click on the attachment to read the full report:.DISCLAIMERThis 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.

Jamna Auto Q2 Review - Growth Momentum To Continue: IDBI Capital

Jamna Auto Q2 Review - Growth Momentum To Continue: IDBI Capital

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